The MIS, therefore, is a dynamic concept subject to change,
time and again, with a change in the business management
process. It continuously interacts with the internal and the
external environment of the business and provides a corrective
mechanism in the system so that the change needs of
information are with effectively. [12]
MIS has been understood and described in a number of ways. It
is also popularly known as the Information System, the
Information and Decision System, the Computer-based
Information System. The MIS has more than one definition,
some of which are given below:
1. The MIS is defined as a system which provides information
support for decision making in the organization.
2. The MIS is defined as an integrated system of man and
machine for providing the information to support the
operations, the management and the decision making
function in the organization.
3. The MIS is defined as a system based on the database of the
organization evolved for the purpose of providing
information to the people in the organization.
4. The MIS is defined as a Computer based Information
System.