Rhind, 1968, Business Horizons, Management information systems: some dreams have turned into nightmares, Vol. 11, pp. 37
With the introduction of MIS in the industry, employees tend to forget basic things; thus, the usage of MIS becomes a difficult task. Every executive in the organization tends to get panicked when they realize that a new management information system is going to be implemented in the organization but there is nothing to panic about it. Every executive in the organization has their own MIS but yes, the management of it is different than that of the computerized MIS. Executives must take this thing in a positive manner so that the management information system can be managed tactfully. The only importance of MIS is standardization. A data which was stored by one executive may not be understood by another but this problem will be eliminated with the help of MIS. Secondly, the MIS in many organizations isn’t updated at regular intervals. If the MIS isn’t updated at regular intervals then the organization will not be competent in the environment and they will have to pay huge loss for this. The taxation rates change almost every year but this thing doesn’t take care by many accounts departments and if this continues then the organization will have to face losses as well as legal issues.
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