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Picking the appropriate research style as well as the best method to collect data is among the most confusing aspects for students completing their IGNOU project. Most students begin writing their ignou mcom project without completely understanding the nature of research they actually are conducting. In the end, the methodology section looks weak, rewritten, or disconnected from the topic.
This article focuses only on the best way to choose an appropriate research design and method of data collection of IGNOU MCom projects. It explains concepts in an easy words and provides them with concrete examples so that students are able apply them effortlessly.
Research design acts like a plan for your study. It outlines the direction of your project. If your research design does not meet the criteria, everything that goes along with data collection, research as well as conclusion becomes questionable.
IGNOU does not have complex or high-tech research designs. What they require is alignment. Your design should correspond to your objectives, the topic and accessibility of information.
Many students do not lose marks simply because their topic is not good or their writing style is bad, but because the design doesn't match the goals they've written.
The research design will explain the type of study you're undertaking. It is a response to three questions.
What is being studying?
What is being researched
How it is being studied
In the ignou mcom project work research design is usually categorized into the one of those categories.
The descriptive design for research has become the most frequently utilized design in IGNOU MCom projects. It is utilized when the purpose is provide a description of a situation, state, or even a performance.
This design is ideal for topics such as.
Satisfaction of employees
Perception of the customer
Evaluation of financial performance
Working capital management
Effect of training on employees
In descriptive research researchers are not able to alter variables. The emphasis is on studying and describing the existing facts.
Example explanation.
The study employs the design of a descriptive study to assess the current financial situation of the business based on pertinent information.
This design is secure it is accepted and simple justification in an project for mcom.
Analytical research is a method of study when the study goes far beyond description and attempts to analyse the relationships between performance trends or patterns.
This design will work if your project has.
Analysis of ratios
Tend analysis
Comparative analysis between companies
Year-to-year financial evaluation
Many finance-related ignou projects use analytical design as well as descriptive design.
Example explanation.
The study employs an analytical research methodology to analyze the financial performance of a company with the help of ratios and trend analysis.
This shows depth, but without sounding complex.
Exploratory research methods are employed in cases where the subject is unclear or undefined. It is less common in IGNOU MCom projects but may be used in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory research design that seeks to discover the extent of employee awareness about new accounting practices.
Use this design only if your topic is really exploring something that is not familiar to you.
For the best design Ask yourself these questions.
Are I describing a current situation
Do I examine the performance or trends
Am I investigating some new concepts
If the answer is "description the design should be descriptive.
If it involves numbers and comparison it is advisable to add an analytical style.
If it relies on understanding and interpreting new ideas consider exploratory designs.
In the majority of ignou mcom submissions with descriptive and analytical designs are more than adequate.
Once the research design has been selected, the next step is to decide how data should be collected. The method you choose for data collection must complement the research strategy.
IGNOU allows both primary and secondary data. The most important thing is honesty and transparency.
Primary data are data that is collected directly by the researcher for the first time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data can be useful to use when your project involves beliefs of perceptions, behavior, or other thoughts.
Some examples of topics that would be suitable with primary statistics.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but aren't able to design them properly. IGNOU doesn't evaluate the questionnaire to its fullest extent, however it should be designed to look appropriate and logical.
Guidelines for questionnaire design.
Simple questions should be asked.
Avoid technical language
Use closed ended questions
Incorporate questions into goals
Example description for methodology section.
Primary data was obtained using the structured questionnaire, which consists of close ended questions designed according to the purposes that the investigation was aiming for.
Do not claim the latest survey techniques if you did not apply them.
Interview method is less common but it's useful for small sample studies. It's perfect for case studies and qualitative topics.
Example explanation.
The initial data collection was done through personal conversations with selected employees to determine their viewpoints regarding the subject.
Only use interview methods if you have actually spoken to respondents.
Secondary data are data that has been obtained by someone else. It is frequently used in the work of the project ignou mcom.
Data sources that are secondary include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Accounting and finance subjects mainly are dependent on secondary data.
Example explanation.
The research is based on secondary data obtained from company annual reports journal articles, textbooks as well as official sites.
Data that is secondary to the original source is perfectly acceptable for as long as it's properly identified.
Most students believe that primary data looks better. However, that's not always true.
Choose primary data when.
Your topic is about opinions or conduct
You are able to speak to participants
Sample size is achievable
Use secondary data only when.
Your subject is financial or accounting related.
Information is available via reports
Limitations on time
IGNOU does not penalize projects on the basis of secondary data. What matters is proper analysis.
This design describes how the respondents or units were picked.
In the work of ignou mcom using simple sampling methods is enough.
Convenience sampling is one of the most common method used by students.
Example explanation.
Convenience sampling is a method to select respondents according to availability and accessibility.
This is real and has been accepted by IGNOU.
Random sampling might be mentioned when respondents were randomly selected.
Example explanation.
Random sampling method was employed to select respondents from the crowd.
Only apply this method if your selection was truly random.
Sample size should be reasonable and easy to manage.
The typical sample sizes for IGNOU projects vary from 30 to 100 respondents for surveys.
As for studies on financials the size of the sample may refer to the number years or even companies.
Example explanation.
The sample size is 50 people who are part of the organisation.
Or
The study includes financial information of five consecutive years.
This should be consistent with the analysis section.
The term "period of study" defines the time frame of your study.
When discussing financial topics, you should mention the financial year clearly.
For survey subjects, indicate the length of the collection of data.
Example.
The period of study covers three months of time during which data were gathered and analyzed.
This shows organization and clarity.
Many of the submissions to IGNOU MCOM project topics - click through the following website page -'s MCOM projects fall victim to errors that could be avoided.
Copying methodologies from the internet
Utilizing advanced terminology without understanding
Uncertainty between objectives and methodology
Making claims to primary data without evidence
Avoid these pitfalls to improve the quality of your project.
IGNOU Evaluators search for.
Acuity
The flow of logic
Relevance to topic
Truthful explanation
They do not require perfect research. They want genuine effort.
Simple and well explained procedure is usually more successful than a copycat technical approach.
Always read your objectives before formulating your strategy. Every goal should be supported by a method.
If the goal is to analyse financial performance, highlight percentiles.
If objective is to evaluate the level of satisfaction among employees, you should mention questionnaires.
This alignment gives a strong impression.
The choice of the best research design and data collection technique doesn't mean complexity. It's about being able to use it. When it comes to an ignou-mcom project simple and clear choices can be the most effective.
Get to know your subject. Keep your data honest. Write in your own words. It can boost both marks and confidence.
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