IMPACT OF MANAGEMENT INFORMATION SYSTEM (MIS) ON MANAGERS DECISION IN INDUSTRIAL COMPANIES IN INDIA

Information is an indispensable resource in organizations and should it be managed in an efficient way for effective decisions. Management Information System (MIS) has the ability to facilitate decision making by managing and providing the right information to managers in a particular organization. This study gives an insight into the impact of the MIS on managers' decisions in industrial companies. The study was conducted in forty five manufacturing companies and the responses were from managers who have the authority to make decisions in the company. Companies are categorized into three groups based on turnover to make an effective comparative study. Questionnaires, interviews and observation were used to collect the data and this data was statistically analyzed using the Binomial -Test in IBM-SPSS Version 21. To provide adequate information for effective decision making, it is suggested that industrial companies should take all business functions into consideration while developing the MIS and the awareness on the importance of MIS should be created in the companies that have less turnovers. The scope of this study is limited to describing the relationship between the MIS and the decision making in industrial companies.