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What is MANAGEMENT INFORMATION SYSTEM? What does MANAGEMENT INFORMATION SYSTEM mean?

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What is MANAGEMENT INFORMATION SYSTEM? What does MANAGEMENT INFORMATION SYSTEM mean? MANAGEMENT INFORMATION SYSTEM meaning – MANAGEMENT INFORMATION SYSTEM definition – MANAGEMENT INFORMATION SYSTEM explanation.

Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.

A management information system (MIS) focuses on the management of information technology to provide efficiency and effectiveness or strategy decision making. The concept may include systems termed transaction processing system, decision support system, expert system, or executive information system. The term is often used in the academic study of businesses and has connections with other areas, such as information systems, information technology, informatics, e-commerce and computer science; as a result, the term is used interchangeably with some of these areas.

Management information systems (plural) as an academic discipline studies people, technology, organizations, and the relationships among them. This definition relates specifically to “MIS” as a course of study in business schools. Many business schools (or colleges of business administration within universities) have an MIS department, alongside departments of accounting, finance, management, marketing, and may award degrees (at undergraduate, master, and doctoral levels) in Management Information Systems.

MIS professionals help organizations to maximize the benefit from investments in personnel, equipment, and business processes.

There are different areas of concentration with different duties and responsibilities in information system managers starting from the Chief information officer (CIOs), Chief technology officer (CTOs), IT directors and IT security managers. Chief information officers (CIOs) are responsible for the overall technology strategy of their organizations. Basically, they are more of the decision makers and action takers when it comes down to determining the technology or information goals of an organization and making sure the necessary planning to implement those goals is being met.

Chief technology officers (CTOs) are responsible for evaluating how new technology can help their organization. They usually recommend technological solutions to support the policies issued by the CIO.

IT directors including MIS directors are in charge of both their organization’s Information technology departments and the supervision of thereof. They are also in charge of implementing the policies chosen by the other top branches (CIOs, CTOs). It is their role to ensure the availability of data and network services by coordinating IT activities.

IT Security Managers oversee the network and security data as the title implies. They develop programs to offer information and awareness to their employees about security threats. This team is very important because they must keep up-to-date on IT security measures in order to be successful within their organization. Any security violations need to be investigated and supervised by this specific team.
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Management Information Systems

Queen’s MSc in MIS provides an understanding of how information systems and technology can be used effectively by organizations. Students will first develop a grounding in research methods, the management and effects of information systems.

This program provides a behavioral, rather than technical, approach to MIS. It is designed to prepare students for doctoral (PhD) studies.
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What is MANAGEMENT BUY-IN? What does MANAGEMENT BUY-IN mean? MANAGEMENT BUY-IN meaning

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What is MANAGEMENT BUY-IN? What does MANAGEMENT BUY-IN mean? MANAGEMENT BUY-IN meaning

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What is MANAGEMENT BUY-IN? What does MANAGEMENT BUY-IN mean? MANAGEMENT BUY-IN meaning – MANAGEMENT BUY-IN definition – MANAGEMENT BUY-IN explanation.

Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.

A management buy-in (MBI) occurs when a manager or a management team from outside the company raises the necessary finance, buys it, and becomes the company’s new management. A management buy-in team often competes with other purchasers in the search for a suitable business. Usually, the team will be led by a manager with significant experience at managing director level.

The difference to a management buy-out is in the position of the purchaser: in the case of a buy-out, they are already working for the company. In the case of a buy-in, however, the manager or management team is from another source.

A buy-in management buyout is a combination of a management buy-in and a management buyout. In the case of a buy-in management buy-out, the team that buy out the company are a combination of existing managers, who retain a stake in the company, and individuals from outside the company who will join the management team following the buy-out. The term BIMBO was first used in respect of the purchase of Chaucer Foods, a Hull based crouton manufacturer, from Hazlewood Foods plc in 1990.
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