Understanding Management Information Systems

Understanding Management Information Systems 

A major business needs to learn and understand management information systems because it investigates how innovation can be utilized to tackle business issues and make new business openings. It demonstrates the responsibility of every office’s obligation to guarantee that an organization runs efficiently with no issues or issues. It is the reason business today works to survive, the upper hand. It is a part of the corporate world, like bookkeeping and HR, which moves data about individuals, items, and procedures over the organization to encourage basic leadership and critical thinking.

This course is essential since you will utilize information and other data once a day and possibly throughout your life. As various possibilities can occur in real business, we will sooner or later be in a position where we should settle on choices for an organization, and management information systems are there to help in deciding on data-driven choices, which are the best choices to make. Management Information Systems are great for broadening skill sets and work abilities. These skills/abilities include problem-solving skills, thinking strategically about technology, managing time and resources, communication skills, developing and implementing new ideas, and understanding the big picture and small details.

The career choice I have chosen is finance. The MIS/IT skills and knowledge I would need to acquire are how to use financial programs like Microsoft Excel, Microsoft Dynamics NAV, Quicken, EasyRMS, SAP, and Oracle Financials. These programs allow users to operate and track their data efficiently and modify it to their and the company’s needs. When browsing monster.com, I found various jobs requiring financial program experience. Financial Analyst at Nova Biomedical or Microsoft Office and Outlook for Financial Planning & Analysis Analyst at Forever 21 Inc.

The industry I would like to work in would be retail and financial services focusing on the business aspect of the companies. For example, for my first co-op, I worked at MK Jewelry Inc., where they used IT to a greater advantage making the company more efficient and profitable. By upgrading to a financial program like Microsoft Dynamics NAV, they could maintain the data integrity (prices, descriptions, metadata) and control the in-house inventory management. Companies like Wells Fargo and Goldman Sachs have also used IT to a commendable competitive advantage. They are concentrating on new advances, such as e-commerce systems, to improve their business strategies.

References

 Columbus, Louis. “21 Most Admired Companies Making IT A Competitive Advantage.” Forbes. Forbes Magazine, 23 May 2013. Web. 07 July 2017.

“Top 21 List of Financial Sotfware and Application for Efficient Money Management — KCLau.com.” KCLau.com. N.p., n.d. Web. 07 July 2017.

“Why Study Management Information Systems?” California State University, Chico. N.p., n.d. Web. 07 July 2017.

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Why is it important for a business major/minor to understand Management Information Systems (MIS)

Understanding Management Information Systems

Your Career and Management Information Systems (MIS): List your career choice and briefly describe what MIS/IT skills (try to be as specific as possible) and knowledge you need to acquire. For example, if you are planning a career in accounting or finance, you should become familiar with financial systems such as Oracle Financials, Microsoft Excel, etc.