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Building Social Busines

In: Business and Management

Submitted By PMMaps
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Management Information Systems
Definition:
A system is a collection of components which;
• Are connected together in an organised way;
• Are affected by being in the system;
• Does something.
Information and Management
Management needs relevant information to control and make decisions. *Relevant information implies information which;
a) Increases knowledge ;
b) Reduces uncertainty; and
c) Is usable for the intended purpose.
Information Classification
How can you classify information? It depends on the level of the information and how one is looking at it. Information may be classified by;
A. Source; e.g. Internal, External, Primary and Secondary.
B. Level; e.g. Strategic, Tactical and Operational.
C. Time; e.g. Historical, Present and Future.
D. Frequency; e.g. Daily, Monthly and Continuous (Real-time)
E. Form; e.g. Written, Visual and Oral.
DATA AND INFORMATION DEFINED
1. DATA :
a. Raw facts
b. Unprocessed facts
c. Unorganised facts
Definition:
Data;
 Are recorded bits and pieces of facts related to a given transaction
Working Definition;
Data;
 Are bits and pieces of facts about a given business transaction or event which have been recorded.
 Are bits and pieces of facts from the input raw materials from which information is produced.

2. INFORMATION
• Is data that have been processed in such a way as to be useful to the user.
Note: it is vital for the producer of information to be aware of the user’s requirements, education, position in the organisation and context in which the information will be used in order to increase the likelihood of information being derived from messages or reports.
THE VALUE OF GOOD INFORMATION
Information is considered to be valuable if it is;
• Reliable
• Understood by the user.
CHARACTERISTICS OF GOOD INFORMATION
Good information is that which is used and which creates value. Good

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