MANAGEMENT INFORMATION SYSTENM IN THE BANKING INDUSTRIES
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Most organization readily acknowledges that staff, finance and physical asset are corporate resources. However, not all organizations recognized that information as a resource that is as important as other
resources.
In fact, most organizations are incompetent because information is not treated as a corporate resources that can facilitate decision making and planning process, and thereby improve the possibility of achieving organization goals and objectives.
As an organization becomes more complete, the information needed for effective management, planning and control can become more complex. Although information does not provide a substitute for good management but however, management cannot be good without information. There is an obvious relationship between objectives management and information system. Therefore, organization must not under estimate the amount of change that can be introduced into the
organization by information technology and particularly the effects of those changes have on management work.
The survival of nay organization depends amongst other factors on the quality of information that is available to the manager. Any organization must interact effectively with the outsider world, the
business community, government and the society as a whole. Today, most organization collect raw data turn it into useful and meaningful information so that action could be taken based on such information, such information are used for taking decision which effect the current and future operation of the organization. Manager are often swamped with information and today with the birth of the industrial revolution our economy is characterized mainly by large scale organization in a
pluralistic and developing society. The information technology brought about the development and use of computers, which in turn enhance the process of preparing information for management as a basis for decision-making.
