Identifying the Key Elements of MIS
The vital aspect of every business functioning is the seamless communication that is managed internally. During the scientific research of business efficiency, it was observed that the consistent and transparent communication within the teams and with the management plays crucial role in giving the instructions, getting the updates, following up with the teams and obtaining a real-time status of the business operations at the given point of time. To achieve this level of communication efficiency Management Information System (MIS) was developed to document the work in systematic reports from all the departments and teams. To understand it properly, it will be essential in identifying the key elements of MIS systems that are widely used in the business world.