What is the role of management information systems in the reporting Essay

What is the role of management information systems in the reporting process in a multinational enterprise Discuss the statement, Inadequate MIS in foreign affiliates can become a control problem for MNEs - Essay Example Therefore, these management information systems and the information produced by them are usually considered as crucial components of sensible and practical business decisions. For effective management in the organization, an MIS provides decision makers with facts and supports and enhances the overall decision making process. For top management and local managers, it provides the data and information that is needed to assist the board and management in making strategic decisions. At other levels, management information system offers the capabilities for monitoring and distribution of information to the management, employees, and customers (Comptroller of the Currency, 2000). Information management with in an organization is a sequence of processes that assists the organization in managing the information that flows across organizational units, identifying information needs, obtaining the information, storage and organization of information, developing information products and services, distributing information, and using information that information for effective decision making. Managing the information in this way proposes new strategies for getting the most out of the value of information in organizations, and for a redefinition of the roles of organizational professionals, be they top management, local managers, employees, or other staff (Choo, 1995). Now a days Managers have to cope with high information-processing demands in various circumstances because of the uncertainty of environmental factors and the increasing complexity of organizational activities. Operating in international markets has resulted in significant increase in information- processing demands for top managers. International growth may also cause increased proper information management demands because of the reasons such as: more complex organizational structure of MNEs, communication problems, and the geographical distance between the head office