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Selecting the best research design as well as the best method to collect data is among the most complicated aspects for students who have to complete their IGNOU project. A lot of students write their IGNOU mcom projects without having a clear understanding of the type of research they actually are conducting. This is why the methodology section looks poor, duplicated, or unrelated to the subject.
This article is primarily focused on how to select an appropriate research design and data collection technique with respect to IGNOU MCom projects. It clarifies concepts using a simple words and provides them by providing examples of how students can use them effectively.
Research design is a blueprint for your study. It determines the direction of your project. If your research design does not meet the criteria, everything that goes along with data collection, research and conclusion is questioned.
IGNOU is not looking for complex or high-tech research designs. What they want is alignment. The design should match your goals, objectives, topic, as well as availability of data.
Many students lose marks not simply because their topic is not good however, their style does not align with the goals they've outlined in their essays.
Research design defines the kind of study you're undertaking. It answers three major questions.
What is being studying?
What is being investigated
What is being studied
In ignou's project work, research design usually falls in one or more of these categories.
Descriptive research design is the most frequently utilized design used in IGNOU MCom projects. It is used when the purpose is identify a condition, situation, or even a performance.
This design is appropriate to be used in areas such as.
The satisfaction of employees
Customers' perception
Performance analysis
Working capital management
Training's impact on employees
In descriptive research, the researcher does not manipulate variables. The research is focused on studying and describing the existing facts.
Example explanation.
The study employs an analytical research plan to assess the current financial position of the selected company by analyzing relevant data.
This design is safe it is accepted and simple explain in an ignou MCOM project.
An analytical research design is utilized for research that goes beyond description to try to determine the relationships between performance trends or patterns.
This design is appropriate when your project involves.
Ratio Analysis
Trend analysis
Comparative study of companies
Year wise financial evaluation
Many finance-related IGNOU MCOM project synopsis (experienced) project subjects employ an analytical approach along with descriptive designs.
Example explanation.
The study employs an analytic research model to assess the financial performance of the firm by way of trend and ratio analysis.
This shows depth, but without sounding complicated.
Exploratory research designs are used when the topic is in its initial stages or not well defined. It's not so common for IGNOU MCom projects but may be used in fields like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory research design to investigate the awareness of employees about current accounting practices.
Make use of this design only when your subject area is really exploring something new.
When choosing the right style consider these questions.
Do I describe an existing situation
Am I analyzing the performance of or trends
Am I exploring the possibility of a new idea
If your answer is descriptive or description, use descriptive design.
If it involves numbers and comparison and analysis, you should add an analytical design.
If it seeks to understand new concepts select exploratory design.
In most ignou MCOM project submissions an analytical and descriptive design are more than enough.
Once the research design has been selected The next step is choosing the method by which data will be collected. Methods for collecting data should match your research proposal.
IGNOU permits primary as well as secondary data. What matters is honesty and clarity.
Primary data are data that is collected at the point of collection by researchers for the first.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data can be helpful when you're working with opinions, perceptions, or behavior.
Some examples of topics that would be suitable in primary research.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students make use of questionnaires, but aren't able to design them properly. IGNOU does not look at the questionnaire, however it should appear appropriate and rational.
Guidelines for questionnaire design.
Simple questions should be asked.
Do not use excessive technical vocabulary
Use closed ended questions
Links questions to objectives
Example description for methodology section.
Primary data was gathered using an instrument that was structured and consisted of short-ended questions formulated according to the objectives to be studied.
Do not claim the latest survey techniques if, in fact, you did not use them.
The interview method is not very popular but it can be effective for small sample studies. It's great for case research and qualitative issues.
Example explanation.
Primarily, data was collected through individual interviews with employees to discover their views about the matter.
Only use the interview method if that you had actual interaction with respondents.
Secondary data are data that has been stored by an individual. It is widely used in the work of the ignou MCOM project.
Sources of secondary information include.
The annual report Financial statement Books Research journals Company websites Government publications
Finance and accounting issues largely require secondary information.
Example explanation.
The study is based on secondary data obtained from company annual reports journal articles, textbooks online websites, and textbooks.
Secondary information is acceptable in the right context.
The majority of students think that primary data appears superior. That is not always true.
Choose the primary source of data.
The subject of your discussion involves opinions or behaviors
You are able to speak to participants
Size of the sample is reasonable
Select secondary data whenever possible.
It is a financial or accounting based
There is data available in reports
and reports. Time is not unlimited.
IGNOU has no intention of penalizing any project on the basis of secondary information. It is about proper analysis.
The sampling design explains how respondents or units were selected.
In the work of ignou mcom using simple sampling methods is sufficient.
The most convenient method of sampling is convenience sampling. frequent method employed by students.
Example explanation.
Convenience sampling was the method used in order to pick respondents based upon availability and accessibility.
This is a factual and valid assumption that has been has been accepted by IGNOU.
Random sampling may be mentioned on the basis that respondents were selected randomly.
Example explanation.
Random sampling methods were used to draw respondents from a population.
Use this only if the pick was actually random.
Sample size should be reasonable and doable.
The common sample sizes used in IGNOU projects vary from 30 and 100 respondents in surveys.
Financial studies may require a sample size. the size of the sample can be used to refer the number years or even companies.
Example explanation.
The sample size consists of 50 respondents from a selected organisation.
Or
The study includes financial information of five years consecutively.
Be sure to keep this in line with your analysis section.
The term "period of study" defines the timeframe of your research.
When discussing financial topics, you should mention the financial year in a clear manner.
For survey areas, write down the period of collecting data.
Example.
The study period consists of three months in which data were collected and analysed.
This is a sign of planning and clarity.
A large number of submissions for projects to ignou get ruined due to a few mistakes that can be avoided.
Copying methodology from the internet
Utilizing advanced terminology without having a clear understanding
Discord between goals and methods
in claiming primary data without proof
Avoid these mistakes to improve your project quality.
IGNOU Evaluators search for.
Clarity
The flow of logic
Connection to the topic
Full explanation
They do not want perfect research. They expect sincere effort.
A clear and simple approach is often better than an undocumented and copied technique.
Always study your goals prior formulating your strategy. Every goal should be supported by a process.
If the objective is to evaluate financial performance, mention the ratios.
If objective is to analyze the satisfaction of employees, reference questionnaire.
This alignment creates a strong impression.
The selection of the ideal research design and data collection technique should not concern complexity. It's all about the right fit. In a project like ignou mcom straightforward choices clearly outlined work best.
Learn about your topic. Don't lie about your data. Write in your own words. That alone can improve both scores and confidence.
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