Importance of MIS (Management Information System) | Role of MIS

Importance of Management Information System (MIS) | Roles of Management Information System (MIS)

Importance of MIS (Management Information System)

 1) Satisfaction of needs

Management Information System (MIS) helps to define the diverse needs through variety of systems such as query system, analysis system, modeling system and decision support system. Through highly systematic and processed data from different system, satisfies the needs of various departments of the organization.

Objectives of MIS (Management Information System) With it's Definition

Brief Description of MIS | Objectives of MIS

Management Information System (MIS)
Management Information System is defined as the formal method of collecting required information in summarized form. It is concerned with providing systematic and analytical information to all levels of managers and supervisors. It can also be defined as the scientific way of collecting; processing, storing, and communicating information relating to the various activities of an organization to the various levels of management so that management may be facilitated in discharging its functions efficiently and run the organization in an efficient manner for the betterment of all. With the help of provided information to the managers, there is possibility of taking right decision at the right time.

Importance of Leadership | Why leadership is essential? | Brief Explanation

Explanation of Leadership | Importance of Leadership

Leadership

Leadership is the ability or art of an individual/group of individuals to lead, guide or influence and inspire other group of people or an organization. It requires skills with clear vision, ability to communicate the vision to team members, ability to organize in an effective and efficient manner, inspire in accordance with requirements. Organization needs strong leadership and management to achieve maximum possible effectiveness out of the available human and other resources.

Benefits or Advantages of Human Resource Management (HRM)

Why is it important to study human resource management? | Benefits of human resource management

Advantages of Human Resource Management (HRM) 

1) Assists in evaluation of HR Policies 

Human resource policies are continuing guidelines on the approach an organization intends to adopt in managing its people. It represents specific guidelines to HR managers on various matters concerning employment and state the intent of the organization on different aspects of HRM such as recruitment, promotion, compensation, training, selections etc. The premise of strategic HRM is that the company’s policies and procedures related to employees should fit into the organization’s broader strategic plan. Development of these links between HR and strategy helps organization to evaluate its current HR policies and to replace outdated or inefficient policies with ones that promote a better workplace environment and employee relations. 

Most Important Characteristics of Human Resource Management (HRM)

8 Most Essential Characteristics of Human Resource Management (HRM)

Human Resource Management (HRM) 

Human resource management is the managerial function in the organization, that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, benefits, employee motivation, communication, administration, and training. It is management process which brings people and organization together so that common and predefined goals are achieved.

Difference between Strategic Management and Strategic Planning

Compare and Contrast Strategic Planning with Strategic Management / Distinguish between Strategic Management and Strategic Planning

Strategic Planning 

Strategic Planning is defined as a systematic process or organization’s process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and sequence of steps to achieve them. It is an organizational management process activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes and assess and adjust the organization’s direction in response to a changing environment. In process of strategic planning, the planner should ask to himself/herself that “What must be done here to reach the higher stage?” and “What must be done at the lower stage to reach higher stage?”. This makes the plan more strategic and drastic.

Importance of Planning in Management | Why Planning is Important?

Importance of Planning in Organization, Management. Why Planning is Essential? 

Planning

Planning is when a person thinks of something is to be done & prepares ways to perform the activity. It is the primary function of management in every workforce. Good planning could lead the organization to the specified goals within specified time. Fluctuation in planning cause adverse affect to functioning in the organization. Let’s point out the importance of planning;

Management By Objective (MBO) | It's Features, Process & Advantages

Criteria and Conditions to make sense of MBO, Features of MBO, Steps of MBO, Advantages of MBO

Management By Objective (MBO)

The term management by objective (MBO) was first outlined by Peter Drucker in his 1954 book and then developed by George Odiorne, his student. Management by objective is a management system in which the objectives of an organization are agreed upon so that management and employees understand a common way forward. It is an performance management approach in which a balance is sought between the objectives of employees and the objectives of an organization. It aims to serve as a basic for;

Strategic Management Process | Why Strategic Management Needed?

Explanation of Strategic Management, Essential Strategic Management Process, Need or Importance of Strategic Management

Strategic Management

Strategic management is the formulation and implementation of the major goals and initiatives taken by a company’s top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. In simpler words, it is the management of an organization’s resources to achieve its goals and objectives. Strategic management process activity involves goal setting/setting objectives, analyzing the competitive environment, analyzing the internal organization, strategy formulation, evaluating strategies and ensuring that management rolls out the strategies across the organization.

Essential Features of Object Oriented Programming (OOP)

Principle Feature of Object Oriented Programming (OOP), Features that differentiate Object Oriented Programming from Structured Programming

Features of Object Oriented Programming (OOP)

Object oriented programming is the fundamental concept that encapsulates both data and functions to operate the data into a single unit called as object. It can also be defined as programming paradigm based on the concept of “objects” which may contain data, in the form of attributes and code in the form of procedures(methods). One of the worth feature of OOP is objects that object’s procedures can access and often modify the data fields of the object with which they are associated. Some other main features of OOP including object as feature are as follows;

12 Important Characteristics of Planning | Principles of Management (POM)

12 Characteristics of good work plan that help you in management

Characteristics of Planning

Planning is a process of setting goal, establishing a course of action, implementing the action plans and attaining the goals. It affects all the functions of management.

Characteristics of planning are as follows

1) Planning is the primary function of the management

The functions of management are broadly classified as planning, organization, direction and control. It is thus the first function of management at all levels. Planning lays foundation for other function of management. All the function of management are performed within the framework of plans laid out, thus it is primary function.