MIS Full Form Name: MIS Meaning
Full
Form of MIS :
Management
Information System
MIS
Full Form is Management Information
System. MIS is nothing but a computerized database that programs and
organizes financial information to offer consistent operational reports to all
levels of a management. Special reports can be quickly derived from this system
without any complications.
It helps managers to efficiently manage various
departments in an organization with complete information of the past, present
and predictive information in hand. MIS can also have software which helps with
data resources, decision-making, hardware resources, applications for project
management and people management, etc.
While small companies have MIS managers to
analyze company issues, design, and maintain applications to solve the issues;
huge organizations have an entire MIS department dedicated to resolve various
issues. MIS greatly contributes towards improving organizational efficiency,
innovation, development of new products and adding value to the already
existing products.
MIS Full Form – Additional Information
In order to run any organization smoothly, there
needs to be proper planning and evaluation of information on daily basis. This
helps in keeping the functionality of the organization effortless and
error-free. Now with the help of computer technology, all this can be achieved
very easily.
What is MIS or Management Information Systems?
Management Information Systems, as the name
suggests, is collection and management of various information related to
finance, personnel, functional data, etc. In a nutshell, one can say that MIS
is the study of co-relation of technology, establishments and people.
Management at any level needs planning and up-to-date database that can help in
understanding the progress and functioning of the company.
Thus, the data related to different departments
is gathered, processed and stored in a database for anytime quick reference. It
was earlier believed that to run a management system, one needs networking and
mainframe computers and small businesses or single PC unit could not deliver
the same functions.
But it has been realized that even on a single
computer, for example, that of a doctor or a small businessman, if data
pertaining to finances, billing, external business link details, schedules and
future planning is entered and stored under organized categories, then it can
be said that the doctor or businessman is using management information system.
Just understand that MIS is a computer-based data
collection technique that gathers the information from various internal and
external sources, then processes it and stores it in a centralized computer
system, so that all those who have the authority to access it can easily refer
and study the current situation of the organization, as is necessary for
decision makers and managers.
How is MIS important?
Management Information System has pre-defined aims and they are as follows:
Data collection: Every
organization, big or small, runs on strategic planning and for this it is
essential to have details about in-house as well as external resources. This
may include finances, inventory, scheduled appointments, set goals etc.
Processing: Just
collection of data is not sufficient. If it is not stored in an organized
manner, then it creates confusion and is of no use in planning or decision
making. Hence, the collected data needs to be sorted, analyzed, classified in
different segments and then summarized for a brief and quick reference.
Storage of data: After
processing the data, it needs to be channelized and stored in the centralized
computer system so that any person within the organization can access it for
planning, decision making and execution of the action. The same should be
circulated within the concerned persons after periodically updating it.
If these aims are taken care of in a systematic
manner, then the organization has no trouble in getting a picture graph at a
glance of their progress, future plans and desired developments. The data
analysis offers a look at set goals as against actually achieved targets. This
helps in reconsidering the strategies and putting forth more viable and
profitable options.
How can you use the information obtained through MIS?
The programmers chart out the data in a graphical
form so that the managers and decision makers can see the growth of the
organization and plan accordingly for the future. MIS should be based on the
requirement of tactical, operational as well as strategic information of
decision makers of an organization.
Management Information System should be holistic
and take into consideration all the sub-systems of the organization while
creating an integrated view so that the planners and decision makers have ease
of execution of strategies. The MIS should be designed to give foresight and
estimates along with highly developed information to provide a competitive
edge. This enables the managers to take actions for the betterment of the
company.
Every organization has set goals in increasing
the productivity, revenue, etc. Thus, through the system, one can get a true
picture of the company’s status by comparing the set goals with the actual
achievement. This ascertains the future growth of the company and helps in
improving the goals to get more realistic and feasible.
What are the attributes of good MIS?
Management Information System is designed to help
in growth and progress of an organization. Thus, it should have the attributes
of a well-developed system that facilitates effective decision making and
planning for the managers.
This is a computerized system and hence, a lot
can be expected from the fast processing machine.
- The information obtained from MIS is real time. Thus, it should process the data at a quick rate and at the same time be very accurate. For this, a combination of techniques like simulation, research of operations, self-study, etc can be applied.
- The system should have the efficiency of collection, processing and manipulation of data at a high speed and in bulk. There should be proper synchronization of internal and external sourced data.
- Support for multi-formats is essential for uninterrupted functioning and there should be a constant revision of policies and regulations.
- Retrieval and storage of data should have a great deal of flexibility so that there are no issues with the system at any given point in
- Different levels of management like operational, strategic and tactical should have ready data in a well planned and factual
Scope of Management Information System
Management Information System is the integration
of five main bodies of an organization. They are Accounting, Operational
research, Human resources and behavioral science, Computer science and finally,
Management. When all these factors are co-linked then it accounts for the
smooth functioning of any establishment.
Analysis of factual data, its effects on growth
and revenue, interpersonal relations between managers and junior employees,
ability to communicate the decisions of management at all levels in the
organization, etc are all essential for effectively running an organization.
MIS eases the pressure on decision makers by
helping them arrive at proper conclusions with the systematic data handling process.
A company can plan for the future course of action by merely studying the
graphs and deriving feasible solutions. Any work if done in a planned manner is
beneficial for progress and rapid development of an organization and MIS helps
in achieving that goal.
Full Form of MIS – Michigan International Speedway
MIS Full Form stands for Michigan
International Speedway. MIS refers to a two-mile D-shaped,
moderate-banked speedway situated off the United States Highway 12 covering
about 1400 acres, nearly four-mile south of Brooklyn village situated in the
southeastern Michigan. The track is primarily used for the purpose of NASCAR
events and is often known as the “sister track” to the Texas World Speedway. It
was also used as a basis of the Auto Club Speedway. The International Speedway
Corporation owns the track.
The MIS is acknowledged as one of the best
motorsports’ facilities due to its extensive racing surface as well as high
banking. It is presently the fastest track in NASCAR because of its extensive
corners, the absence of a restrictor plate requisite and the sweeping corners.
Apart from motor racing, the track is a host to a number of events such as the
Michigan High School Athletic Association Cross Country as well as the
Make-A-Wish Bicycle Tour. It also hosts a number of concerts alongside the race
weekends. Throughout the year, driving schools are organized. It also organizes
the Formula SAE contest, which was previously organized at the parking area of
the Pontiac Silverdome.
Since the year 2010, it has also hosted the
Michigan Wine and Beer Festival and ever since the year 2013, it has been
hosting the Faster Horses festival. Despite being a well-known and highly
functional track, it has been prone to severe accidents, a notable number of
them resulting in deaths. In the year 1981, A.J. Foyt slammed his vehicle into
the Armco Barrie at the time of the Michigan 500 and nearly lost his arm. In
the year 1986, Rock Baldwin crashed during Winston Cup, which put him in a coma
for eleven years followed by his sad demise in the year 1997.
MIS Full Form – Madison International Speedway
Full Form of MIS refers
to Madison International Speedway. MIS is a stock car racing
track situated at Rutland in Wisconsin, only a few miles off the Wisconsin
Highway 138. The track is called the “Track of Champions” as well as the
“Wisconsin’s fastest Half Mile”. The program here runs weekly under the NASCAR
Whelen All-American Series. Before the year 1969, the track was only a quarter
mile long. Ramo Stott was the first winner of the half mile race and Jimmy Back
was the first champion of the surface. The track can provide seating facilities
up to 10,000 spectators.
As of the year 2010, MIS hosted five weekly
divisions. Three races are weekly organized on the half mile exterior track,
namely: Area Sportsman, Hobby Stock, and Late Models. There is also a quarter
mile track situated inside the half mile. Weekly division inside the quarter
mile includes bandits and Legends. Other divisions include Super Trucks, Super
Late Models, Ford Focus, Bandoleros, and Midgets. The track organized the Super
Late Model races until the year 2008. The track also organizes events in the
ASA Late Model Series and ASA Midwest Tour. In the year 2011, the track
organized its first ARCA race ever since the year 1973.
The track routinely organized the American Speed
Association events prior to the end of the national touring. It has hosted
Mid-American Stock Care Series, the USAC Midgets, the United States Super
Trucks, and the HOSS series. Some of the alumni of the MIS who have made big
include Matt Kenseth, Travis Kvapil, RochBickle, Johnny Ziegler, Joe Shear,
Bryan Reffner, Bobby Welberg, Dick Trickle etc. Its notable competitors also
include Ryan Mathews, Brett Sontag, Nathan Haseleu, Steve Carlson, and Michael
Pickens whoare among some of the most performing individuals.
Full Form of MIS – Munich International School
MIS Full Form stands for Munich
International School. MIS is a private international school situated
at Starnberg, Germany. MIS educates its students from EC (which is Early
Child:4-5 years) to grade 12.Students travel from different areas to attend the
school through a school bus network. The school is categorized into three
distinct groups: Junior School, the Middle School, and the Senior School. MIS
is one of the International Baccalaureate (abbreviated as IB) world School
where lessons are provided in English, with German being the mandatory
secondary language. It also offers other languages such as Mandarin, French,
and Spanish. The school was founded in the year 1966 and shifted to its present
location in the year 1968. In the year 1966, the MIS welcomed its first batch
comprising 120 students.
MIS provides all three programmes of the
International Baccalaureate Middle Years Programme (abbreviated as IMBYP), the
IB Diploma Programme (abbreviated as IBDP), and the International Baccalaureate
Organization (abbreviated as IBO)-International Baccalaureate Primary Years
Programme (abbreviated as IBPYP). In the grade 10, it enables the students to
take the IGCSE International General Certificate of Secondary Education,
although it is optional. MIS organizes many educational programmes and one such
is the Mother Tongue Programme which encourages students to gain proficiency in
their mother language or first language.
The school also holds a number of after school
activities that inspire students to develop new skills and evolve interest in
diverse fields. These programmes are not only educational but also
socially-oriented. To foster sports, it organizes a number of contests
throughout the year in softball, swimming, rugby, golf, skiing, tennis, track,
and soccer. MIS provides an international, co-educational English
language educational environment for its students aged 4-18 years. To instill the
best in its students, it customizes its academic standards and curriculum to be
strictly adhered to in the education policy.