Entrepreneureal policies for Management Information Systems of SME

Abstract

SMEs have a need for a universal, flexible and upgradeable information system that will most successfully integrate the entire business of a given company, and not for isolated applications that solve partial problems. However, the financial resources of SMEs are usually not in accordance with their needs, since SMEs in the modern business environment are in the need for increasing the functionality of the information system, for which they need additional resources. Acknowledging  presented characteristics of the business environment for SMEs, this paper displays  management information systems of SMEs. The paper first presents the basic characteristics and peculiarities of the structure and operations of these companies, with the aim to highlight the differences in the information needs of managers in relation to managers of large companies. Furthermore, considering the specifics of the integrated management information system (MIS) designed for SMEs, the application of which can significantly automate and improve key business processes of SMEs. Development of MIS in recent years has intensified, especially those based on open platforms with freely available source programs.

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