The Impact of Management Information System in LG Corporation - Case Study Example

The Impact of Management Information System in Organizations Case Study: LG Corporation Name Institution Date The Impact of Management Information System in LG Corporation Introduction Management information systems (MIS) are essential in today’s organization. Although LG Corporation has made a major effort in adapting these systems, not many have been able to have sophisticated ones. With advanced technology and improvements of both software and hardware development, the dream of achieving more MIS by many organizations is becoming a reality. LG Corporation has managed to adopt new and advanced management information systems. Managers and members of the organizations at large have also been trained in the use of the system. Management information systems have really helped the company to be more efficient and effective. Tracking, monitoring and managing different departments has been made easy. Information technology provides many advantages to organizations (Bagad, 2009). The ability of information technology to link and enable people in an organization is one of its main advantages. In LG Corporation, electronic communication has increased the general amount of communication within the organization. The most important aspect of information technology is that it enables people from various departments and units of a corporation. It helps them in interacting and as a result, communication is enhanced. Easy and quick availability of information is usually brought forward with the use of information technology. With the increased use of technology, people should remember that too much of its use may lead to increased alienation of the employees in an organization because of impersonality. Proper use of information technology also leads to the increase of boundary spanning. Individuals in organizations are able to access any kind of information from any part of the organization with the help of appropriate use of technology (Phillips, 2008). This leads to the elimination of repetition and it helps in promoting non-redundancy. Having adequate and efficient information one can be able to handle challenging factors like business risks and uncertainties more effectively. Management information system is a process inform of a system that provides necessary information for the easy and effective managing of an organization. It is mainly used by managers within an organization and it helps them in planning, directing, coordination and finally in decision-making. For the proper provision of past, present and the accurate prediction of information, software that helps in decision making, data bases can be included in the management information system (Bagad, 2009). Other software and hardware developments that can also be added in management information system to enable it function more efficiently are for example decision support systems, project management software, hardware resources of a system, people to manage it and any other computerized applications. Managers should ensure that there is a consistence maintaining approach to the development, use and review of management information system for it to function properly. A good management information system should have clearly defined framework which is made up of stipulated guidelines, policies which include practices, standards and procedures for the organization that is adapting it. These guidelines and procedures should be followed throughout the organization with each individual. Management information system is used in improving and enhancing communication among employees in an organization and it is also used in delivering complicated and complex information (data) within the organization. It includes data management and data dissemination in all parts of the organization (Walle, Turoff & Hiltz, 2009).Managerial Information System has three primary levels like strategic, managerial and operational. With a good and efficient Management Information System support, management of departments such as finance, marketing, production and personnel becomes easy. The managers of the respective departments in LG Corporation can be informed of the progress, growth and development of their departments and even the shortcomings of targets and goals to be attained. Management Information System helps in keeping the manager alert and up to date through the provision of reliable information which indicates feasible trends in various aspects and perspective in business. The indication of these aspects helps organizations and managers in particular in forecasting and making long-term plans that are achievable. Management information system helps managers in quick and efficient decision making. An accurate and disciplined information system provides or creates a structured database and knowledge base for all the members in the organization. It enriches experiences and improves the analytical ability of managers which leads to better and improved business judgment which in turn helps them act more formidable and decisively. Information provided by the Management Information System is available in a way that can be used immediately without any alterations through blending and analysis; this saves the manager a lot of time. The use of Management Information System creates a major impact which relates to understanding the business itself. Management Information System first starts with the proper and accurate definition of data entity and its attribute. To make this function achievable, Management Information System starts with the use of dictionary of data, entity and attributes which is designed specifically for information generation in the organization. The data dictionary has accurate definition of terms, words, phrases and terminology in the organization which ensures clarity and understanding of the information (Phillips, 2008). It helps the managers and other users of the system in an organization to digest and have a common and similar understanding of the any event in the organization. MIS demands a systemization of business operations for the provision of an effective system design which leads to the streamlining of the operations which can complicate the system design. It makes the administration of a business better by improving it and bringing discipline and accuracy in its operations. Management Information System dictates that every individual in an organization is required to follow and use the system and its procedures. This process in return, brings a high degree of professionalism in an organization’s business functions and operations. The main objective of Management Information System within the company is the product of business goals and objectives. These goals and objectives help directly in guiding an organization in the same direction and mainly towards its corporate goals and objectives through the provision of necessary and relevant information to the people in the organization at large. A perfectly designed system which focuses on the manager has a great impact on managerial efficiency. The support that the information provides motivates and enlightens managers to use a variety of management tools. It helps the manager to sometimes resort in activities like experimentation and modeling (Zhang, Galletta, 2006). The use of computers in Management Information System in LG Corporation enables a manager in using the various tools and techniques of management which are impossible to use manually. The use of ready-made packages makes a manger’s work more easy, efficient and simpler. It also makes him perform his duties quickly and he ends up saving a lot of time. The impact of the use of Management information System is on the managerial ability to perform which considerably improves the ability of quick decision making. Organization decision making process includes both individual and group activities which include problem identification, searching for the information, analysis and evaluation of the information and lastly and the most important is the implementation of the decision or action. Decision making activities in an organization occurs in a structure of managerial roles and responsibilities. Conclusion Management information systems’ ability to store information enables LG Corporation not to simply rely on the unreliability of human error and mistakes. With the proper use of the system, information can be stored, retrieved and disseminated more easily, accurately and effectively. However, information technology can be challenging especially when it leads to information overload. Having an information overload in a company dictates that the manager has to go through an insuperable amount of data that is stored and this will consume time and hinders timely decision making (Bagad, 2009). Information overload is more of a documentation problem than it is an information technology problem. References Bagad, V, S, (2009). Management Information Systems, New York: Technical Publications  Phillips, B, (2008). Information Systems Portfolio Management: The Impact of Portfolio Management Practices New Jersey: ProQuest Walle, B, V, Turoff, M & Hiltz, S, R, (2009). Information Systems for Emergency Management, New York: M.E. Sharpe Zhang, P, Galletta, D, F, (2006). Human-computer Interaction and Management Information Systems: Foundations Advances in Management Series, New York: M.E. Sharpe Read More