MGT401 Short Notes for Final Term and Mid Term

MGT401 Short Notes for Final Term and Mid Term . Aslam u Alaikum dear students. If you are looking for \MGT401 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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MGT401 Short Notes for Final Term and Mid Term

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 with the definition & necessity of information systems.
What are Information Systems?

Interrelated components working together to collect, process, store and disseminate information to support
decision making, coordination control, analysis and visualization in an organization. 6.4 Manual Vs Computerised Information Systems As advancement was made in every field of life, manual information systems were converted to computerized systems.

In manual environment, the concept of transformation was difficult to apply, since
input of data into records was by itself the output which also included simple computations. Concept of
control mechanism grew stronger as computerized information systems emerged. Now the concept of
Information system exists with the usage and benefits of Computers as an inevitable part.