Management Information System

A Management Information System (MIS) converts data from INTERNAL AND EXTERNAL SOURCES into information in an APPROPRIATE FORM to managers at DIFFERENT LEVELS in an organisation to enable them to make effective DECISIONS or to MONITOR/CONTROL the performance of their employees.
Information comes from internal and external sources. Internal information includes data from transaction processing. External information includes market research, intelligence gathering about the activities of competitors, information about social trends, economic factors, government legislation, and so on. …