What is Management Information System (MIS)?

A Management Information System (MIS) is a computer-based system that leverages both hardware and software components to manage a company or organization's internal and external operations. MISs are used to manage, organize, analyze, and compile information needed to make better overall business decisions with the purpose of obtaining higher levels of business profitability. Management Information Systems utilize manpower, technology, and other means to allow for better short-term and long-term decision-making processes.