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Choosing the right research design as well as the best method to collect data is among the most challenging aspects for students who are working on their IGNOU project. Many students begin writing the IGNOU MCOM Project Experts mcom proposal without being able to clearly define what research they are actually doing. This is why the methodology section appears weak, copied or out of touch with the topic.
This article concentrates on how to select the most appropriate research design and data collection method to be used in IGNOU MCom projects. It clarifies concepts using a simple terminology and ties them with examples in a way that students can apply them easily.
Research design is an outline of your research. It establishes the direction of your project. If the research plan isn't correct, everything else that begins with data collection and analysis and conclusion can be considered questionable.
IGNOU doesn't expect complicated or highly technical research plans. What they expect is alignment. Your design should correspond to your objectives, the topic and data availability.
Many students get a grade not for the reason that their subject is bad and their design isn't in line with the goal they've written.
Research design is the way to describe the kind of study you are conducting. It can answer three main questions.
What is being studying?
to determine why it's being investigated
How it is being investigated
In ignou's project work research design typically falls among the following classes.
Descriptive research design is among the most frequently utilized design used in IGNOU MCom projects. It is employed when the purpose is describe a situation, condition or performance.
This design is appropriate for subjects like.
Customer satisfaction
Customer perception
Evaluation of financial performance
Management of working capital
Impact of training on employees
In descriptive research researchers are unable to alter variables. The emphasis is on being observant and describing facts.
Example explanation.
The study is based on an exploratory research approach to examine the current financial position of the selected company using relevant data.
This design is secure as well as accepted. It's also simple use in a ignou project for mcom.
Analytical research design is used when the study goes beyond description and attempts to analyse relationship or performance trends.
This design will work if your work involves.
The ratio analysis
Tend analysis
Comparative study among companies
Year wise financial evaluation
Many finance related ignou MCOM project subjects employ an analytical approach in addition to descriptive design.
Example explanation.
The study employs an analytic research design to examine the financial performance of a company with the help of ratios and trend analysis.
This indicates depth without sounding complicated.
Exploratory research methods are employed in cases where the subject is in its initial stages or not well defined. It's not so common on IGNOU MCom projects but may be employed in certain areas, such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory design of research to study the employee's perception of new accounting practices.
Make use of this design only when the subject you're discussing is unfamiliar.
To determine the proper design Consider these questions.
Am I describing a present situation
Am I looking at developments or performance
Do I want to explore some new concepts
If the answer is "description the design should be descriptive.
If it is based on numbers and comparison or analysis, consider adding analytical design.
If it concentrates on gaining insight into new ideas select exploratory design.
For most ignou mcom submissions conceptual and analytical designs are more than adequate.
Once the research design has been selected, the next step is choosing the method by which data will be taken. The method you choose for data collection must complement your research proposal.
IGNOU permits primary as well as secondary data. What is important is honesty, and clarity.
Primary data are data that is collected from the researchers directly 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 in primary research.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but don't design them correctly. IGNOU has not evaluated questions in depth, but it ought to be relevant and logical.
Guidelines for questionnaire design.
Questions should be simple
Avoid the use of technical terms
Use close ended questions
Make sure that questions are linked to goals
Example description for methodology section.
Primary data were collected with the structured questionnaire, which consists of close-ended questions that were developed according to the goals from the study.
Do not make claims for advanced survey techniques if, in fact, you did not use them.
Interview method is less common but it is effective for small-scale studies. It's ideal for case studies as well as qualitative subjects.
Example explanation.
The primary data was collected via individual interviews with employees to understand their views on the topic.
Employ the interviewing method only if you actually had a conversation with the respondents.
Secondary data refers to data already received by another. It is widely used in projects like ignou's mcom.
Sources of secondary information include.
Statements of financial positions Books Research journals Company websites Government publications
Finance and accounting issues largely are dependent on secondary data.
Example explanation.
The study relies on secondary data collected from company annual reports as well as textbooks, journals along with official web sites.
Secondary data is totally acceptable for as long as it's properly identified.
People often believe that primary information appears more attractive. It's not always the case.
Choose primary data when.
The subject of your discussion involves opinions or behaviour
You are able to speak to those who have an opinion
Sample size is easily manageable
Choose secondary data when.
Your subject is finance or accounting based
Data is readily available in reports
But time is limited
IGNOU does not penalize projects on the basis of secondary data. The most important thing is that the analysis is done correctly.
The design of sampling describes how respondents or units were picked.
In ignou mcom project work the simple sampling method is sufficient.
The most convenient method of sampling is convenience sampling. frequent method employed by students.
Example explanation.
Convenience sampling method was adopted to select respondents based upon availability and accessibility.
This is realistic and has been accepted by IGNOU.
Random sampling is a possibility on the basis that respondents were selected randomly.
Example explanation.
The random sampling method was used to select the respondents from the general population.
Only use this if the selection was truly random.
The sample size must be reasonable and be manageable.
Standard sample sizes for IGNOU projects range from 30 to 100 respondents for surveys.
In financial research, the size of the sample could refer to the number of years or companies.
Example explanation.
The sample size consists of 50 respondents from the selected group.
Or
The study includes financial information for five consecutive years.
Keep this consistent with your analysis section.
The time period of study is the period of time you will conduct your study.
When discussing financial topics, you should mention financial years clearly.
For survey issues, list the time of the collection of data.
Example.
The study spans three months during which data were gathered and analyzed.
This shows organization and clarity.
Many ignou project submissions suffer due to avoidable mistakes.
Copying methodology from internet
Using advanced terms without having a clear understanding
Uncertainty between objectives and methods
using primary information without evidence
Avoid these pitfalls to improve your project quality.
IGNOU assessors search for.
Clarity
The flow of logic
Application to topic
Accurate explanation
They don't have the expectation of perfect research. They want genuine effort.
Simple and well-explained technique is more often rated higher that a technical copy.
Always read your objectives before formulating your strategy. Each goal should be supported with a method.
If the goal is to analyse financial performance, refer to ratios.
If objective involves analyzing employee satisfaction, use questionnaires.
This alignment leaves a strong impression.
Selecting the right research design and method for data collection cannot be a matter of complexity. It's about the appropriateness. When it comes to an ignou-mcom project, simple choices explained clearly perform best.
Be aware of your topic. Be truthful about the information you provide. Write in your own words. This alone will improve your scores and confidence.
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