This study focuses on the importance of the MIS system in the BIAO bank and the challenges faced by the organization while adopting the Management Information (MIS) system. The article discusses the importance of MIS system in the organization, issues and challenges faced by the organization while adopting MIS practices.
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Running head: IMPORTANCE OF MANAGEMENT INFORMATION SYSTEM IMPORTANCE OF MANAGEMENT INFORMATION SYSTEM Name of the Student Name of the University Author note
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1IMPORTANCE OF MANAGEMENT INFORMATION SYSTEM Introduction Management information system is considered as the computerized database of the financial informations those are organized and programmed in such a way that it provides the regular reports on the operation for every management level in the organization. The main purpose of the organization in implementing Management information systems is to provide managers feedback regarding the organizational performances and the top management could monitor the whole organization (Laudon and Laudon 2016). This study will focus on the importance of the MIS system in the BIAO bank and will also discuss the challenges faced by theorganizationwhileadoptingtheManagementInformation(MIS)system. MIS system in the organization The MIS system of the BIAO bank receives data from the bank’s units and functions and some of the data are also collected automatically through the computer linked checkout counters and those data are keyed at the periodic intervals (The bank BIAO at Côte d'Ivoire, Maple and Atlantique, 2019). The routine reports are programmed and run at the intervals. The MIS system also help the bank to monitors and displays the performance of the organization. In the BIAO bank, MIS system helps to make the management of the bank to carry out and controlling decisions. As stated byTakhmaretal. (2015),the major role of MIS system in the BIAO bank is to identify the requirements of the information, collections of information, classifying the collected informations, the retrieval of the information, information analysis and the decision making process based on the analysis of the collected informations. Importance of MIS system in the organization
2IMPORTANCE OF MANAGEMENT INFORMATION SYSTEM The MIS system would relate better to the theoretical knowledge. This has been found out that the banks using MIS system extensively makes the part of the important core activities and could use MIS in the various departments for the various activities appropriately. The computers are unable to manage the business strategies buy themselves as they cannot assist the management in finding out the effects of the strategies and would help to enable the effective decision making process.DeLone and McLean (2016) stated that the MIS system could be used for transforming the data into the informations those are useful for making decisions. The computer can provide the financial statement but will be unable to analyse the division regarding the performance of the organization. Therefore the implementation of the MIS system would meettherequirementsofanalysingtheorganizationalperformance.Themanagement informationsystemintroducesthecollaborationprocessamongthestakeholderandthe shareholders of the organization. The banks like BIAO bank operates for various segments in the society thereby providing the diversified portfolios of the banking services including the credit cards, bank account, loans and others, therefore for those banks it is important to maintain the proper mass records for the transactions of the different individuals (The bank BIAO at Côte d'Ivoire, Maple and Atlantique, 2019). It is a well-known fact that every record and data should consist of the reliable backup in the cases of uncertainty such as the System crashing, virus affected and others (Aburub 2015). Issues and challenges faced by the organization while adopting MIS practices BIAO bankfaced challenges based on the management process issuethat tells about the functional operations of the organization like budgeting, personnel and the general management (The bank BIAO at Côte d'Ivoire, Maple and Atlantique, 2019).
3IMPORTANCE OF MANAGEMENT INFORMATION SYSTEM Theenvironmental issuesin bank involves the factors those are less tangible like the organizational change, behaviours and the organizational cultures. Almeida, de Vasconcelos and Pestana (2018) mentioned thattheleadership issues involves the interactions and the organisations executive’s directions. The bank faced issues related to the technical systems that refers to the software and the hardware considerations of the information technologies (The bank BIAO at Côte d'Ivoire, Maple and Atlantique, 2019). WhileadoptingtheMISpractices,thebankfacedproblemregardingthetop management supportand aligning the management as per the strategic business goals. This is recommended that the management of the MIS system should be done by communicating with the employees regarding the vision, the role of the new MIS system and its importance. Then only the staffs will understand the importance of the system and would cooperate with bank for the implementation of MIS system and will be able to resolve the issues and challenges faced by the bank (Susanto 2016). Conclusion Therefore from the above discussion, it can be concluded that the bank are able to develop the system by the accumulation of the proper information regarding the performances of the bank staffs. This also help to transform the data for taking any important decisions and as the computer can provide the financial statement but cannot analyse the divisions based on the organizational performances thus this requirement is fulfilled by the implementation of the MIS system in the organization. The challenges faced by the banks are the environmental issues, managementissues,leadershipandtop-managementissues.Thosecanberesolvedby
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4IMPORTANCE OF MANAGEMENT INFORMATION SYSTEM communicating with the employees regarding the company’s vision and the importance of the MIS system.
5IMPORTANCE OF MANAGEMENT INFORMATION SYSTEM References Aburub, F., 2015. Impact of ERP systems usage on organizational agility: An empirical investigation in the banking sector.Information Technology & People,28(3), pp.570-588. Almeida, T., de Vasconcelos, J.B. and Pestana, G., 2018, June. A knowledge management architecture for information technology services delivery. In2018 13th Iberian Conference on Information Systems and Technologies (CISTI)(pp. 1-4). IEEE. DeLone,W.H.andMcLean,E.R.,2016.Informationsystemssuccess measurement.Foundations and Trends® in Information Systems,2(1), pp.1-116. Laudon, K.C. and Laudon, J.P., 2016.Management information system. Pearson Education India. Susanto, A., 2016. The Influence of Accounting Information System Quality to Accounting Information Quality and its Implications to the Good Study Program Governance.International Business Management,10(24), pp.5767-5776. Takhmar, A., Polushin, I.G., Talasaz, A. and Patel, R.V., 2015. Cooperative teleoperation with projection-basedforcereflectionforMIS.IEEETransactionsonControlSystems Technology,23(4), pp.1411-1426. The bank BIAO at Côte d'Ivoire, M., Maple, C. and Atlantique, B. (2019).BIAO. [online] Maps.me.Availableat:https://maps.me/catalog/finance/amenity-bank/biao- 4611686021330496137/ [Accessed 5 Feb. 2019].