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1C Việt Nam
(20.08.2024)

Management information systems in today's businesses

In a fiercely competitive business environment, management information systems in businesses play an important role in helping the decision-making process be accurate and correct. So what is a management information system? What management information systems are there in the enterprise? Let's find out now with 1C Vietnam.

1. What is a management information system in an enterprise?

A management information system in an enterprise is an integrated system including people, processes, software and hardware, designed to collect, store, analyze and provide information necessary for business operations. management and decision making in the business environment.

Management information systems collect, process, and provide data to serve the decision-making process
Management information systems collect, process, and provide data to serve the decision-making process

2. Benefits when applying information systems in businesses

Application of management information system is important not only for internal operations but also for external activities of the enterprise. Some of the benefits of this system include:

2.1 For internal activities within the enterprise

The management information system will act as a useful bridge to help connect departments within the organization. Thanks to this system, internal departments and divisions of the business will become more organized and effective. In particular, the information system has the ability to quickly provide information to many different units according to specific needs and purposes.

Applying management information systems in businesses facilitates seamless working between departments
Applying management information systems in businesses facilitates seamless working between departments

2.2 For activities outside the enterprise

Applying management information systems in businesses helps managers quickly collect a lot of data and information from outside such as information about competitors, market fluctuations,... Then , they are analyzed, evaluated and stored for future operations of the business.

Management information system applications support quick collection of data from outside
Management information system applications support quick collection of data from outside

In addition, thanks to the establishment of a management information system in the enterprise, information related to the business can also be widely disseminated to the market and customers such as usage needs, prices, and policies. new by the state,...

3. Structure of management information system

A management information system in an enterprise is structured by four subsystems including internal recording system, intelligence system, research system and decision support system.

3.1 Internal recording system

This system provides changing data in the business quickly using pre-installed software on the computer. This allows businesses to fully update the necessary information to serve the decision-making process.

3.2 Intelligence system

The intelligence system is responsible for providing regular information related to developments in external factors such as the market, competitors, partners,...

3.3 Research system

This system collects information related to a specific problem facing the business. This requires appropriate research methods, model building, and quantification of the cost/benefit ratio of the information.

3.4 Decision support system

This system includes statistical methods and decision-making models to help managers make better and more accurate decisions.

4. Types of management information in businesses

4.1 Strategic information

Strategic information is information used for long-term orientations and policies of the enterprise, mainly serving senior managers when making future predictions. The data to process this type of information is often collected from outside the organization. These are special information provided in special circumstances.

Strategic information supports long-term decision making
Strategic information supports long-term decision making

4.2 Tactical information

Tactical information is information used for short-term orientations and policies of the enterprise, mainly serving middle-level managers. This type of information requires a greater level of detail than strategic information and is provided periodically to support decision making.

Tactical information mainly meets the needs of managers of departments
Tactical information mainly meets the needs of managers of departments

4.3 Operating information

Operating information, also known as operational information, is information used for the daily production and business activities of the enterprise and mainly serves supervisors or employees who directly perform it. job. This type of information requires a high level of detail and needs to be provided regularly.

Operational information is closely related to the daily business activities of the enterprise
Operational information is closely related to the daily business activities of the enterprise

Thus, management information systems in businesses play an essential role in helping to collect, process, analyze and store data effectively and safely. Depending on the goals of the business, there are different management information systems. Businesses need to classify and apply to suit their situation. To learn more useful content about business management, don't forget to follow 1C Vietnam's website!

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