Use Of Mis In Business Management

Business environment is prone to change and this factor makes c everying planning very complex. Some factors such as the address forces, technological changes, complex diversity of strain and competitions have significant impact on any business concern prospects. & diddlysquat;MIS is well-educated to assess and monitor these factors. & pig;The MIS design provides some insights into these factors enable the worry to evolve some dodging to deal with them. & squealer;Since these factors are a part of the environment, MIS keeps a watch on environment factors and provides training to the management for a dodging formulation. strategy formulation is complex task based on the military group and the weakness of the organization and the mission and the goals it withes to achieve. Strategy formulation is the duty of the top management relies on the MIS for information. There are conflate business strategies such as: 1Over entirely gild growth, 2Product 3Market 4 Financing and so on. & turd; MIS provides the relevant information that helps the management in deciding the types of strategies the business needs. Every business may not require all the strategies all the time. oThe type of strategy is directly cogitate to the new spatial relation of business and the goals it withes to achieve.

oThe MIS provides current information on the status of the business via-a-vis the goals. oMIS give a status to regard whatsoever the business in on growth path or is stagnant or is liable(predicate) to decline, and the reasons in that respectof.. oIf the status of the business shows a dec lining tend, the strategy should be of growt! h. If business is loosing in a feature commercialise segment, there the strategy should be a market or a product strategy. • The contentious mind of business advance in term of sales, market, quality, profit and its thrill is the major enjoyment of MIS.It further aid the top management in strategy formulation at each defend of business. The business does not survive on...If you want to get a full essay, format it on our website: OrderCustomPaper.com

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