Quantity, content and context of information − how much information and exactly what should it describe. Major challenges in MIS implementation are − It should provide support to the changing needs of business management. It should provide support for the management planning, decision-making and action. This system should deal with the management information not with data processing alone. The management information system needs good planning. If this resource has to be managed well, it calls upon the management to plan for it and control it, so that the information becomes a vital resource for the system.
In MIS, the information is recognized as a major resource like capital and time.
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