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MIS - Essay Example

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Management information system can be defined as the development as well as utilization of information system that assist businesses accomplish their objectives and goals. There are 3 key components in this definition; development, utilization of information systems together with…
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Download file to see previous pages McDonalds is a leading multinational fast food chain whereas Apple Inc. on the other hand is an American multinational whose core business is designing, developing as well as selling consumer electronics, online services, computer hardware as well as personal computers. The two companies use MIS differently so as to achieve their business goals as well as objectives.
Management information system for most organizations entails a system that offers information required in management of organizations efficiently.MIS consists of 3 fundamental resources that include; information, technology as well as people; with people being the most significant resource. The information received usually supports the everyday decision making in the working areas. McDonalds MIS is implemented and utilized in the production of periodic reports like everyday list of employees as well as the hours they have worked, or monthly record of expenses in comparison to a budget. McDonalds therefore makes use of MIS since the objective of MIS is provision of profitability as well as information to assist managers together with staff comprehend the performance of business as well as its future direction. In addition, MIS impacts McDonalds in ensuring timely and accurate transaction processing, streamlining records together with accounting management, in the process standardizing business processes at McDonalds.MIS also offers interactive support to mangers assisting them in making critical decisions for McDonalds as well as providing a systematic easy formats for digging out important information as per particular needs .MIS therefore greatly helps McDonalds in saving time thus enabling the restaurant chain to gain a lot of competitive advantage as compared to others (Hossein, 2011).
On the other hand Apple Inc is a company whose main goal is to always be an innovation leader. This is the same philosophy that extends even in the way that they manage ...Download file to see next pagesRead More
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