MGT301 Short Notes for Final Term and Mid Term . Aslam u Alaikum dear students. If you are looking for MGT301 Short Notes for Final Term and Mid Term file? Then you are visiting the right website. I provided the perfect solution here according to my efforts. If there is any mistake then please correct it before submitting the VULMS account and before midterm and final term exams preparation .Thanks
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Procedure is a defined set of instructions aimed at describing how to proceed in achieving a pre-defined
milestone/target. Systems have collection of predefined procedures related to each other in a sequenced
logical manner in order to collectively achieve the desired results. The system & procedures in all kinds of
environment are subject to internal controls and checks that are necessary to ensure the effectiveness of the
same.
The basic purpose behind setting up systems and procedures is to make available information when
required. But when procedures are organized in a logical manner to form systems, the value of information
as an output of a system enhances. When technology is added to the system, scope of a system changes to
include hardware, software and designs linked together in accordance with the procedures contained in that
system to give a purposeful architecture.
Before defining what information systems are? I would like to once again differentiate between data and
information. Data represents facts of any kind. Information is the processed form of data being verified and
substantiated from various sources.
Example
100,000 is a figure which by itself does not add to the knowledge
But
When we say 100,000 sales orders, it does add to our knowledge, hence is information.
6.3 Data & Information
Generation of relevant information is the objective of every information system. Now we would move fwd
with the definition & necessity of information systems.
MGT301 Short Notes for Final Term and Mid Term
