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Categories of Information
There are three categories of information related to managerial
levels and the decision managers make.
Strategic
Information
· This
information is required by topmost management for long range planning policies
for next few years. For example, trends in revenues, financial investment, and
human resources, and population growth.
· This type of
information is achieved with the aid of Decision Support System (DSS).
Managerial
Information
· This type of
Information is required by middle management for short and intermediate range
planning which is in terms of months. For example, sales analysis, cash flow
projection, and annual financial statements.
· It is achieved
with the aid of Management Information Systems (MIS).
Operational
information
· This type of
information is required by low management for daily and short term planning to
enforce day-to-day operational activities. For example, keeping employee
attendance records, overdue purchase orders, and current stocks available.
· It is achieved
with the aid of Data Processing Systems (DPS).
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