StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Comparison between Management Information System (MIS) and Executive Information System (EIS) - Essay Example

Cite this document
Summary
Information systems are evolving and changing on a constant basis as the technology used to develop them is undergoing tremendous changes with each passing day. In fact, modern information systems can be categorized into many subsets which are not mutually exclusive. Amongst…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Comparison between Management Information System (MIS) and Executive Information System (EIS)
Read Text Preview

Extract of sample "Comparison between Management Information System (MIS) and Executive Information System (EIS)"

Download file to see previous pages

In the banking industry, such systems find tremendous use as they are employed for various activities like financial reporting, analysis, capital investment decisions, investment risk analysis and cash flow analysis. All these activities require executive overview as well as managerial decisions at different levels, which require the use of either EIS or MIS as deemed necessary. Specifically speaking, the project will analyze the utilities of these systems for senior and middle management in the target industry, who use the services of these mediums for business planning, forecasting, monitoring and control.

Further, the significance of these systems amongst various departments within companies as well as their specific uses by employees for realizing various tasks will be studied thoroughly. As mentioned above, the primary purpose of the project is to provide a critical comparison between the use of Management Information Systems (MIS) and Executive Information Systems (EIS) in the investment banking and financial sector. For this purpose, an elaborate study will be undertaken to analyze such systems used in prominent investment banks in the United States like Bank of America, Citigroup, Morgan Stanley and Goldman Sachs.

In this study, a number of objectives have been outlined which will be evaluated to provide an extensive comparison amongst the two chosen categories. These objectives are listed below. As the name implies, Information systems serve the primary purpose of information gathering, processing and appropriate display. In doing so, the worthiness of both MIS and EIS will be evaluated for their efficiency in processing information without much processing and user involvement. This is especially essential for users in specific departments as relieving them from additional processing provides them the much needed time for elaborate decision making using the information provided by these systems. Two

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Comparison between Management Information System (MIS) and Executive Essay”, n.d.)
Comparison between Management Information System (MIS) and Executive Essay. Retrieved from https://studentshare.org/miscellaneous/1568038-comparison-between-management-information-system-mis-and-executive-information-system-eis
(Comparison Between Management Information System (MIS) and Executive Essay)
Comparison Between Management Information System (MIS) and Executive Essay. https://studentshare.org/miscellaneous/1568038-comparison-between-management-information-system-mis-and-executive-information-system-eis.
“Comparison Between Management Information System (MIS) and Executive Essay”, n.d. https://studentshare.org/miscellaneous/1568038-comparison-between-management-information-system-mis-and-executive-information-system-eis.
  • Cited: 0 times

CHECK THESE SAMPLES OF Comparison between Management Information System (MIS) and Executive Information System (EIS)

Mitigation Measures for Water Quality in Lebanon

The purpose of this research is to find out the standards of the EIA practice in Lebanon through the evaluation of the Environmental Impact Statement (eis) particularly on water quality mitigation measures.... The proposed project named “Solid Waste Treatment Center Jbeil-Hbaline Union of Municipalities of Jbeil Caza of Jbeil” is expected to provide the required means and tools to ensure that the management of the Municipal Solid Waste (MSW) in the Caza of Jbeil is maintained at high standards....
15 Pages (3750 words) Essay

General Sandbox Architecture

General Sandbox Architecture: A sandbox is deployed to secure a computer system from external attacks that are attempted through malware (malicious program).... According to Hoopes (2009), the approaches used are either to block the critical accessibility of a malware or to introduce a simulated environment with completely virtual computing resources like CPU, file system and the memory.... The main idea is to monitor the accessibility of program (under observation) to system resources....
4 Pages (1000 words) Research Paper

Global Information Systems and the Associated Challenges

This report "Global information Systems and the Associated Challenges" discusses global information systems that require incorporating flexibility and resilience into these integrated systems.... The flow of information across various supply chain partners in different locations therefore increases.... information systems have, therefore, had a profound effect on the performance of global businesses by transforming their ability to deliver value to customers (Czinkota et al....
12 Pages (3000 words) Report

Soft Systems Methodology

But before doing so, let us briefly discuss the SSM technique. Soft system thinking seeks to explore the messy problematic situations that arise in human activity.... Building conceptual models of what the system must do for each root definitions.... A leading SSM specialist in Japan, suggests that SSM can be a useful research tool in the educational context, and argues that it can be applied to any messy, problematic human situation that requires decision-making aimed at improvement (Kijima, 1999) The most important feature of this analysis of data, information and knowledge is that the act of creating information is a human act, not one which a machine can accomplish....
12 Pages (3000 words) Essay

Database Management System

Data and information are two basic components of any information system.... Data is considered the raw material of an information system.... An information system transforms data into meaningful management information.... hellip; Business processes, which are essence of the business, are always associated with a huge amount of data. The objective of an information system is to provide the required information to the organization, o that the business processes can be managed effectively....
9 Pages (2250 words) Essay

The Changing Demand of the Banking Sector in Wake Up of Globalization

Banking industry has been in the front line in embracing the ever changing face of information system in order to coordinate their services well.... They have found information system has come up with its own woes.... This research aims at investigating how banks are implementing their information system, the reason for turning to information system, and the challenges they are facing in implementation of the strategy.... However this has not gone well in all banks and some banks have found the system inefficient and leading to a lot of frauds....
9 Pages (2250 words) Essay

Implementation of Hewlett Packard Mergers

This paper will provide a comparison between the two mergers, one under Chairman and CEO Carly Fiorina and the other under her successor, Mark Hurd.... without a request for more information by the Justice Department or Federal Trade Commission.... As a leading global technology services provider, EDS founded the information technology outsourcing industry more than 46 years ago (EDS website)7.... As an HP business group, EDS seeks to deliver one of the industrys broadest portfolios of information technology and business process outsourcing services to customers in the manufac-turing, financial services, health care, communications, energy, transportation, and consumer and retail industries, and to governments around the world (EDS website)....
9 Pages (2250 words) Essay

Identify and compare different business and management practices between US, European and Asian firms

Many studies have shown that the differences in the management and business practices of firms across various countries affect their economic performance significantly (Bloom and Van Rennen, 2006.... iven this, the researchers have… In this essay, the differences in the management and business practices of US, European and Asian firms are identified and compared in terms of organization structure, This essay is organized as follows.... Section 2 gives an overall comparison of management and business practice performance of firms across various countries in terms of different dimensions....
15 Pages (3750 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us