...information Why need Information? To ensure effective and efficient decision - making leading to prosperity of the Organisation. What is MIS? Short for Management Information System – MIS refers broadly to a computer-based system that provides managers with the tools for organizing, evaluating and efficiently running their departments. What is MIS? Right Information To the right person At the right place At the right time In the right form At the right cost Management Information System The three sub-components Management, Information and System - together bring out the focus clearly & effectively. System emphasizing a fair degree of integration and a holistic view; Information stressing on processed data in the context in which it is used by end users; Management focusing on the ultimate use of such information systems for managerial decision making. The Concept of MIS Processing Logic Computers Data Data Data Human Beings Database Information Judgement / Intution Skill / Experience External Environment Decision Intelligence Design Choice Decision Making MIS Monitoring / Feedback Decision Implementation Performance Why MIS? It’s Role Increased Business & Management Complexities Increased Business Complexities Technological Revolution Research & Development Explosion of Information Increased Management Complexities Management Science Technologies Decision-making Onset of Computers Functional Uses...
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...experience has taken place is Levi’s XX that stands for Levi’s Vintage Clothing. Therefore, the industry examined is apparel, and as a market is taken the whole Globe. Table of Contents Abstract 2 Introduction 4 • The purpose of the study 4 • The main conceptual problem 5 Methodology 6 1. Essence and role of financial planning and budgeting 7 1.1 Planning and budgeting role in company’s structure 7 1.2 Purpose of budgeting 7 2. Company profile, industry and market description 10 2.1 Levi’s XX story 10 2.2 Company’s structure 10 3. Principles and objectives to improve the budget process 11 3.1 CFR effective management and budgeting continuity regulation 11 3.2 New priorities 12 Conclusion 13 Bibliography 15 Textbooks 15 Interview 16 Introduction Urgent task of multinational companies today is the introduction of modern management technologies. In recent years, financial planning and budgeting have become two of the most popular...
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...Tutorial: Introduction to accounting. Decision making and the role of accounting Learning Objectives: Discuss the nature of decisions and the decision making process. Outline the range of economic decisions made in the marketplace. Apply information to make basic economic decisions. Exercise 1.6 Factors in making a business decision Consult the business section of a local newspaper, or the The Australian Financial Review, or a business journal, such as BRW (Business Review Weekly), and find an appropriate article detailing an important business decision that has been made in the last month. Based on the article, determine the factors that were taken into account in arriving at the decision. Discuss the effects that such a decision will have on various interested parties or stakeholders. Factors to be taken into account in arriving at a business decision include: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Nature of the business entity. Goals of the business entity. Resources available to the entity. Parties involved in the decision-making process. The management level required for the decision to be made. Possible gains or losses anticipated to be experienced by the business entity. Possible alternatives which could be employed by the business entity. The best or worst case scenario for the entity in adopting a certain business decision. Identifying all possible groups both internal and external to the business entity who may be affected. Identifying the...
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...SYLLABUS DECISION SUPPORT SYSTEM & MIS MBA–3rd SEMESTER, M.D.U., ROHTAK External Marks : 70 Time : 3 hrs. Internal Marks : 30 UNIT - I Decision Support System : Overview, components and classification, steps in constructing a dss, role in business, group decision support system. UNIT - II Information system for strategic advantage, strategic role for information system, breaking business barriers, reengineering business process, improving business qualities. UNIT - III Information system analysis and design, information SDLC, hardware and software acquisition, system testing, documentation and its tools, conversion methods. UNIT - IV Marketing IS, Manufacturing IS, Accounting IS, Financial IS. 67 DECISION SUPPORT SYSTEM & MIS MBA 3rd Semester (DDE) UNIT – I Q. Define Decision Support System. Explain its characteristics and need. Ans. A decision support system is an information system application that assists decision making. DSS tends to be used in planning, analyzing, alternatives and trial and error search for solutions. A DSS as a system that provide tools to managers to assist them in solving semi structured and unstructured problems in their own. In other words, A DSS is an information system that support to managers for decision making. DSS is the intellectual resources of individuals with the capabilities of the computer to improve the quality of decision. A DSS can be defined as a computer based information system that...
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...MANUFACTURING Manufacturing is the production of merchandise for use or sale using labor and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users – the "consumers". FACTS ABOUT MANUFACTURING IN THE PHILIPPINES: * Manufacturing accounts for nearly 24% of the Philippines' total GDP, while manufactured goods comprise 90% of Philippine exports, including furniture and fixtures, transport equipment, petroleum products, miscellaneous manufactures, electrical machinery, leather products, beverages, paper and paper products, basic metal, fabricated metal products, non-metallic mineral products, rubber and plastic products, textiles, and many more. * The Philippines is now considered one of the most competitive areas for manufacturing. After the unfortunate events in Japan, flooding in Thailand, the rising costs of countries such as Vietnam and China, the Philippines now is in position to lead manufacturing growth in the Asia. * The bulk of the Philippine manufacturing industry is concentrated in Manila, the capital. The...
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...» Characteristics Management Information System » Models/ types of Management Information Systems » Management Information System Planning, Controlling and Limitations Definition of Management Information System Management Information System can be defined as a formal method of collecting timely information in a presentable form. in order to facilitate effective decision making and implementation, in order to carry out organizational operations for the purpose of achieving the organizational goal. A management information system is a system design to provide selected decision –orientation information needed by management plan, control and evaluate the activities of the corporation. It is designed within the frame work that emphasizes profit, planning, performance planning and control at all levels. It complements the ultimate integration of required business information sub system both financial with in the company. According to Philip kolter- A marketing information system consist of people, equipment and procedures together,sort,analyse,evaluate and distribute the needed timely and accurate information and marketing decision makers. Professor Allen S. Lee states that research in the information system field examines more than the technological system,or just the social system or even the two side by side in addition it investigates the phenomena that emerge when the two interact. An information system can be any organized combination of people, hardware, software, communication...
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...Porsche has managed to use the AG iPerfomance in its products making it possible for them to produce effective products. It has also dominated the SUV market which is continuing to expand with less competitors to exploit. This gives it an opportunity and window to sell its high end SUV products with less competition. I t also produces hybrid powered Porsche Cars which are also seen as a positive move towards remaining competitive in the motor vehicle market. The Porsche cars are also movie and music glamorized, an idea that has not been embarked by most of other brand from its competitors in the market. The organization has also embarked on utilizing green and environment friendly technology to improve its public image and reputation in the...
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...Chapter 1 ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW TEACHING TIPS This chapter provides general coverage of many of the text's major themes. It's usually a good idea to indicate how the topics covered in this chapter will be covered in more detail later in the course. Many instructors will not assign any problem from the end of this chapter. This can be done without any loss of overall continuity in the course. If the course will emphasize internal controls, it might be desirable to cover in class one of the general cases on internal control from the back of Chapters 4, 7, or 8. This should be done to stimulate student interest, but the instructor should not worry if the students in the course fail to analyze the case correctly. In some ways, teaching systems can be more difficult than teaching other areas. In many cases there are no clear-cut debits and credits to be made, and judgment is often required. This can make some students feel uncomfortable. So it's usually good to emphasize this at the beginning of the course to properly set students' expectations. The point should also be made that systems are an important area of professional examinations. One of the biggest risks in teaching systems is that it can easily become dry and boring. I have found that the best way to overcome this is to generate as much class discussion as possible on many of the major points in the chapter. Accordingly, I always make class participation about one-fourth of the total...
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...companies were interviewed, including automakers, suppliers, dealers, financial service providers, and for the first time mobility service providers. The responses make for compelling reading and we would like to thank all those who participated for giving us their valuable time. We would also like to acknowledge and thank the following senior executives who participated in in-depth interviews to provide further insight: (Listed alphabetically by organization name) Dr. André Stoffels Head of Strategy Audi Steven Bridgeland Senior Product Manager, Windows Embedded Microsoft Special thanks to Moritz Pawelke, Meghan Bested and Martha Collyer for their efforts. © 2012 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved. Foreword Imagine the following scenario, involving an urban dweller, possibly living in a mega-city like Beijing, Sao Paulo, New York, London or Mumbai. As she walks out of her apartment, her smartphone directs her to the nearest available shared electric car, unlocks the door and starts the engine. Once inside, she gets an immediate report on traffic conditions and train times, voice messages from email and a sample from her favorite band’s new album. She drives to the station, takes a...
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...a company. The role of the MIS in an organization can be compared to the role of heart in the body. The Management Information System plays the role of information generation, communication, problem identification and helps in the process of decision making. The MIS, therefore, plays a vital role in the management, administration and operations of an organization. Since the MIS plays a very important role in the organization, it creates an impact of the organization .The manager’s attention is brought to a situation which is expected in nature, inducing him to take an action or a decision in the matter. It also creates another impact in the organization which relates to the understanding of the business itself. The MIS begins with the definition of data, entity and its attributes. It uses a dictionary of data, entity and attributes, respectively, designed for information generation in the organization. Since all the information systems use the dictionary, there is common understanding of terms and terminology in the organization bringing clarity in the communication and a similar understanding of an event in the organizations functions, performance and productivity. MIS supports the management of marketing, finance, production, and personnel becomes more efficient. The...
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...|Nestle Australia | | | |Strategic Options and Analysis | | | |5/25/2012 | | | |Student name | Executive Summary The current report is extension of the previous report which evaluated the position of Nestle Australia by using various strategic tools such as SWOT, PESTEL and Porter’s five forces models in order to find out what is the situation in which Nestle Australia is operation. This report extends the information and analysis gathered and done respectively in the first report to perform analysis of the strategic options available with the company by executing TOWS Matrix, a strategic tool. Use of this tools has suggested that the company can not only survive but also can achieve its various objectives in the Australian region but for this, it has to change its Strategic Business Unit (being Australia) strategy and integrated hybrid strategy which...
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...Business Strategies for Managing Complex Supply Chains in Large Emerging Economies: The Story of AMUL Pankaj Chandra Devanath Tirupati Indian Institute of Management Vastrapur, Ahmedabad 380015 India chandra@iimahd.ernet.in devanath@iimahd.ernet.in Revised April 2003 Acknowledgement: We would like to thank BM Vyas, MD, GCMMF, Kailash Vyas, MD, AMUL and many employees of the two organizations for hours of discussion, for making documents on performance and practices available to us for research, and for arranging field visits to various village societies, chilling units, and union plants. We are also grateful to MS Sriram and Partha Mukhopadhyay for their extensive comments on the paper. This project was funded by a grant from Research & Publications, Indian Institute of Management, Ahmedabad, India. Abstract In this paper we describe a case study of a dairy cooperative, AMUL, in western India that has developed a successful model for doing business in large emerging economy. It has been primarily responsible, through its innovative practices, for India to become world’s largest producer of milk. This paper draws various lessons from the experiences of AMUL that would be useful to cooperatives globally as well as firms that are interested in doing business in large emerging markets like India and China. Many of these economies have underdeveloped markets and fragmented supply bases. Market failures for many of these small producers are high. On the other hand, the...
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...APPROACHES TO MANAGEMENT Dr.M. Thenmozhi Professor Department of Management Studies Indian Institute of Technology Madras Chennai 600 036 E-mail: mtm@iitm.ac.in APPROACHES TO MANAGEMENT 1) 2) 3) 4) 5) 6) 7) 8) 9) Empirical Approach Human Behaviour Approach Social System Approach Decision Theory Approach Mathematical Approach Socio-Technical Systems Approach Systems Approach Contingency Approach Operational Approach REASONS & PROBLEMS 1) Semantic problems in management literature. 2) Contributions from different disciplines. 3) Misunderstanding of principles. EMPIRICAL APPROACH • • • – – – – Study of managerial experiences and cases(mgt) Contributors: Earnest Dale, Mooney & Reiley, urwick. Features Study of Managerial Experiences Managerial experience passed from participationer to students for continuity in knowledge management. Study of Successful & failure cases help practicising managers. Theoretical research combined with practical experiences. • – Uses Learning through experience of others • – – Limitations No Contribution for the development of management as a discipline Situations of past not the same as present. HUMAN BEHAVIOUR APPROACH • – – Organisation as people a) Interpersonal Behaviour Approach - Individual Psychology b) Group Behaviour Approach - Organisation Behaviour • – – – – Features Draws heavily from psychology & sociology. Understand human relations. Emphasis on greater productivity through motivation...
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...professional consulting services in the sphere of business and management: preparation of business-plans, marketing research, budgeting, juridical services, the selection of personnel and personnel-technologies. Our aim is to assist enterprises of all forms of ownership in increasing the efficiency of activities and achieving maximum economic results. In our work we apply system approach, and we believe that only a comprehensive vision and identification of problems, integration of different components of activity represent the approach to the organization of the business environment, which provides our customers with access to a qualitatively new frontier efficiency and stable development of business. It is especially effective system approach in the work with large-scale projects connected with the breeding of the new company on the market or optimization of already existing companies, study of consumers, competitors, and construction of structure of the company, formation of the state, the decision of legal issues, definition of strategies for successful development. Individual approach to each client will be used and allow us to find the decisions, based on the deep understanding of business' specifics and problems of the client, his key competences and opportunities for successful development. Absolute confidentiality, trust and respect, multiplied by professionalism, here is the formula of successful cooperation, which we offer to You. LEGAL SERVICES In the fast paced world...
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...Managerial Economics Output No. 1 With regard to a hospital, a state university, and a museum, define (a) a possible primary aim, or goal, of each, (b) some of the constraints under which they operate, and (c) the relationship of (a) and (b) to the study of managerial economics. |Name of Firm |Primary Goals |Possible Constraints | | | | | |San Pedro Hospital |We, the San Pedro Hospital community of health workers commit|Financial constraints | | |to: |Hospital building capacity | | |Provide the best quality and compassionate health care |Availability of hospital devices to | | |services in satisfying all individuals with respect and |perform various tests. | | |reverence of their person; |Availability of medicine for diagnosed | | |Deliver quality satisfying services expected of a training |illnesses | | |health care institution; and ...
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