Category: Strategy
Why Most MIS frameworks are not effective ?
Every company has some form of Management Information System (MIS) which provides information for making decisions. Most of information is generated from with in the organization. Reports are generated for different operational parameters like Production, Sales, Cost, Assets, Liabilities , Profits, Rejections, Stocks etc. Further every organization also develops some sort of Checks and Balances System to ensure hygiene of transactions and activities. However it is generally found that almost every organization and business owner […]
Cost Management & MIS
Profit Maximization objective of business is dependent upon two variables i.e. Revenue Maximization and Cost Minimization. Both these systems together lead towards maximization of top line and bottom lines of balance sheet. Cost can be classified in three broad categories depending upon their linkages with revenue: Cost Directly linked with Revenue Generation Cost Indirectly linked with Revenue Generation Cost Not linked with Revenue Generation Cost can also be categorized as costs related to: Business Acquisition […]
Dynamic MIS : Right Information at Right Place at Right Time & Right Form
During my interactions with community of business owners and professionals, one common concern that comes out is Non Availability of Critical Information for decision making. There is lot of information available through reports, systems, people &but this does not prevent from nasty surprises, losses, frauds and lost opportunities. Being flooded with information doesn’t mean we have the right information or that we’re in touch with the right people. Bill Gates Non Availability of Critical Information on a Real Time […]
Strategic Human Resource MIS
HRD is a critical Input function essential to achieve objectives of organization – i.e. Equitable Contribution to welfare of all Stakeholders to business. An effective HR function is vital to success of an organization. MIS is system to ensure that goals to business are achieved in acceptable quality and cost norms. Strategic MIS ensures that activities of business are aligned to core Strategy of organization. SMIS helps in identifying the bottlenecks of business which prevent achievement of […]