International Journal of Scientific & Technology Research

Home About Us Scope Editorial Board Blog/Latest News Contact Us
10th percentile
Powered by  Scopus
Scopus coverage:
Nov 2018 to May 2020


IJSTR >> Volume 2- Issue 12, December 2013 Edition

International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616

Impact Of Information Systems On Management Decision-Making In The Nigerian Insurance Sector

[Full Text]



Mosud Y. Olumoye



Index Terms: Decision-making, Information systems, Insurance, Management



Abstract: Information systems have become an integral part of every corporate organization, especially the insurance industry in facilitating decision-making, planning process and the prospect of achieving organizational goals and objectives. The enormous numbers of employees engaged in the insurance sector coupled with numerous customers made decision taking and dissemination of information by the management time consuming thereby leading to inefficiency. In order to tackle this challenge it becomes imperative to introduce information systems into the management of the organization so as to facilitate decision-making. This study uses field survey responses from senior management staff of five different insurance companies to empirically examine the relationship of information systems as used by the management for decision-making, speed, availability of information and involvement of subordinates in decision-making. Simple percentage and Chi-square statistical method were used to analyze the data. However, the result of the study clearly indicated that information systems would expunge traditional, geographical and marketing limitations; hence the management of every organization is embracing information systems.



[1]. Agwu, C.I.C., Adeola, R. O., Etefia, C. F. and Ogwu, J.N. (2010). The Effect of Information System on Management Decision Making, A Case Study of Wema Bank PLC”, August, 2010

[2]. Ajayi, I.A., Omirin, K. and Fadekemi, F. (2007). The Use of Management Information Systems (MIS) In Decision Making In The South-West Nigerian Universities. Educational Research and Review, Vol. 2(5), May 2007, pp 109-116.

[3]. Encyclopedia Britannica. (2012, October 10). Information System. [Online] Available: http://www.britannica.com/ EBchecked/topic/287895/information-system (September, 20, 2012)

[4]. Idowu, P.A., Alu, A.O. and Adagunodo, E.R. (2002). The Effect of Information Technology on the Growth of the Banking Industry in Nigeria. The Electronic Journal on Information Systems in Developing Countries, Vol 10 (2), 2002, pp 1-8.

[5]. Keen, G.W., “Information Systems and Organizational Change”, Communications of the ACM VOL 24(1), (Jan 1981) pp 24-33.

[6]. Laudon, K.C. and Laudon, J. P. (2001). Essentials of Management Information Systems. (4th ed.) New Jersey: Prentice Hall, (Chapter 1-3).

[7]. List of Insurance Companies and Their Addresses. [Online] Available: http://resourcedat.com/2010/12/list-of-insurance- companies-and-their-addresses/(October 17, 2012).

[8]. Lucey, T. (2005). Management Information Systems. (9th ed.). London: Thomson Learning, (Chapter 3).

[9]. Nowduri, S. (2011). Management Information Systems and Business Decision Making: Review, Analysis and Recommendations. Journals of Management and Marketing Research, pp 1-8.

[10]. Obi, E. (2003). “Educational Management Theory and Practice”. Enugu: JAMOE Nigeria Enterprises, 2003.

[11]. Rhodes, R. (2012). The Role of Management Information System. [Online] Available: http://www.ehow.com/facts_7147006_role-nformation-system-decision-making.html (September 12, 2012)

[12]. Safarzadeh, H., Soloukdan, A. and Khosravi (2011). Explaining the Pattern of the Impact of Information Technology on Knowledge Management in Iranian Insurance Industry”, American Journal of Scientific Research, Issue 19, 2011, pp 66-75.

[13]. Whitten, J.L., Bentley, L.D. and Dittman, K. C. (2001). Systems Analysis and Design Methods. (5th ed.) New York: McGraw-Hill, (Chapter 1& 2).