MANAGEMENT INFORMATION SYSTEMS A LITERATURE REVIEW PERSPECTIVE
Abstract
Integration of Management Information Systems (MIS) into organizational strategies has garnered significant attention among academia and industry participants. This study specifically addresses the challenges faced by Nigerian firms in implementing MIS, such as infrastructure limitations, high costs, lack of skilled workforce, and data security concerns. This study delves into the critical roles of MIS in enhancing financial success, operational efficiency, and competitive advantage. This study reviewed various types of MIS, including Decision Support Systems (DSS), Transaction Processing Systems (TPS), and Executive Support Systems (ESS), and examines their influence on firm performance through empirical studies. This study confirmed that, the historical development of MIS is traced through five distinct eras, from the era of mainframe computing to the current cloud computing phase, illustrating how technological advancements have reshaped organizational management. Building on the foundational work of scholars, this study emphasizes the necessity for firms to effectively adopt and optimize MIS to achieve superior profitability. It highlights the relevance of MIS in the context of Nigeria's rapidly evolving business environment during the Fourth Industrial Revolution. In conclusion, this study provides practical recommendations for policymakers, emphasizing the need for investment in infrastructure, capacity building, financial support, data security, innovation promotion, and change management. By addressing these challenges and leveraging MIS effectively, Nigerian firms can enhance their competitiveness and contribute to sustainable economic growth in the Fourth Industrial Revolution era.
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Published in BUSINESS AND FINANCE JOURNAL
ISSN: 988-47878
This article appears in our peer-reviewed academic journal
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