Management Information System (MIS) with Creative Knowledge, Overcoming Challenges in Financial Risk Management and Decision-Making

Abstract

Management Information Systems (MIS) as essential tools which help businesses make strategic choices and protect their financial interests throughout the entire United States. The high costs of implementation together with restricted technical skills and data security worries and organizational opposition to change create barriers which prevent MIS systems from working properly. A cross-sectional survey was conducted among 325 professionals from service, finance, manufacturing, and IT sectors in small, medium, and large US organizations. The survey collected information on MIS implementation challenges, their perceived severity, strategies adopted to mitigate these challenges, and organizational performance indicators. The study used descriptive statistics to analyze data using SPSS included challenge profiles and respondent details and multiple regression to identify MIS factors that affected strategic decision-making performance. The study found that organizations faced three primary MIS implementation challenges which included expensive implementation costs at 22.8% and insufficient trained personnel at 21.2% and worries about data protection at 19.4%. 56.3% of respondents rated these challenges as high or very high. Organizations used three main strategies to address their needs through employee training at 25.2% and cybersecurity investment at 21.8% and cloud-based MIS solution implementation at 19.7%. The study found three important factors which predict strategic decision-making success through regression analysis of MIS system quality (β = 0.184, p = 0.048) and organizational support (β = 0.176, p = 0.044) and data security system performance (β = 0.162, p = 0.049). Organizations in the US develop their strategic decision-making abilities through effective MIS systems which combine strong system infrastructure with protected data management and dedicated organizational backing to establish MIS as their fundamental strategic resource.