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10IS72-INFORMATION-SYSTEMS-->View question

Asked On2017-05-15 11:18:21 by:Rajiv

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When information systems focus on providing information and support for effective decision making, they are called Management Support Systems. Information systems needed to support a variety of managerial decision making are:

1. Management Information Systems: (MIS) : These are most common management support systems. They provide managerial end users with information products to support their day-to-day decision making. MIS systems retrieve information about internal operations from the databases that are updated daily by the transaction processing systems.

Information products provided can be:

1. On demand

2. periodically

3. whenever exceptional conditions occur.

2. Decision Support System (DSS) : DSS are interactive, computer-based information systems. DSS use decision models and specialized databases to assist the decision making process. A DSS provides managers with analytical modeling, simulation and information presentation capabilities.

3. Executive Information Systems (EIS): These are tailored to the strategic information needs of top management. Provides top management with immediate and easy access to selective information about key factors that are critical to accomplishing a firmís strategic objectives. Graphic displays are used to provided access to internal and external databases. Provides information about the current trends and the projected trends

Answerd on:2015-11-28 Answerd By:neenu2

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