Management Information System and Managerial Decision Making of Business Organisations

Abstract

Decision making is a fundamental aspect of managing any organization, it is the primary function of management. Decisions play significant roles as they determine both managerial and organizational activities of all business organizations. Managers take hundreds of decisions during the course of running a business to ensure objectives are achieved, making it a key component in the role of a manager. The business sector is a highly competitive, volatile and dynamic environment, the success of an organization relies mainly on the decisions made by its management, and therefore it is imperative that managers have the right information at the right time in order to bridge the gap between need and expectation. This paper reviewed and analysed relevant literature pertaining to the research which revealed that decision making strongly depends on information systems, it also identifies that Management Information System is one of the most important information systems that provide help to the manager for taking effective decision in an organization. A management information system collects and processes data and provides it to managers at all levels who use it for decision making, planning, program implementation, and control.