Lecture 15 - Management Info Systems

Data

Raw facts, such as a list of items scanned at a supermarket checkout scanner.

Information

Data shaped into a form that is meaningful to human beings, like identifying which items are selling well or need reordering.

Information Technology (IT)

All hardware and software a firm uses to achieve its business objectives, including desktops, laptops, servers, and software like MS Office.

Information System (IS)

A set of components that collect, process, store, and distribute information to support decision making and control in an organization.

Business Intelligence (BI)

IT tools for organizing, analyzing, and providing access to data to make better business decisions.

Management Information Systems (MIS)

Broader than IS, considering both technical and behavioral issues to support decision making.

Information System Literacy

Understanding the technical, organizational, and management dimensions of an information system.

Dimensions of an Information System

Technical, organizational, rules, and management aspects that influence the functioning of an IS.

Mission of MIS

To improve organizational performance through the use of IT, automating data processes and converting data into meaningful information.

Contemporary Approaches to MIS

Technical approaches (Computer Science, Operations Research, Management Science) and Behavioral approaches (Sociology, Economics, Psychology) to optimize IS investments.

Sociotechnical Approach

Optimizing both social and technical systems for optimal organizational performance.