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Picking the appropriate research style and data collection technique is among the most difficult aspects for students who have to complete their IGNOU project. Most students begin writing their ignou mcom assignment without realizing what research they're actually undertaking. Thus, your methodology section will appear inadequate, copied, or out of sync with the subject.
This article focuses on the steps to select an appropriate research style and data collection technique specifically for IGNOU MCom projects. It provides concepts in a simple language, and then links them with examples in a way that students can use them effectively.
Research design functions as an outline of your research. It is the basis for your project. If the research method is not correct, everything that follows data collection, analysis and conclusion is in doubt.
IGNOU does not have complex or highly technical research design. What they look for is alignment. The design should reflect your objectives, topic, and accessibility of information.
Many students lose marks not for the reason that their subject is bad and their design isn't compatible with the objectives the students have set out in their writing.
Research design is the way to describe the kind of research you're conducting. It answers three major questions.
What is being investigated?
for? Why is it being looked at
How it is being investigated
In ignou mcom project work, research design usually falls into one of the following categories.
It is the most commonly used design for IGNOU MCom projects. It is employed for projects where the aim is to be able to describe a circumstance, condition, or perform.
This design is suitable for subjects such as.
Employee satisfaction
The perception of customers
Financial performance analysis
Working capital management
Training's impact on employees
In descriptive research researchers are not able to manipulate variables. The focus is solely on taking note of and describing current facts.
Example explanation.
The study employs an analytical research plan in order to analyse the financial position of the selected company based on relevant information.
This design is safe and accepted. It is also easy be defended in an mcom project.
Analytical research is utilized when the research goes beyond description and attempts to examine patterns of performance or relationships.
This design will work if your project includes.
Analyzing ratios
Comparison study
Comparison study between companies
Year-wise financial evaluation
Many finance-related ignou topics are based on analytical design as well as descriptive design.
Example explanation.
The study employs an analytical research model to assess the financial performance of the firm using trend analysis and ratios.
This indicates depth without sounding complicated.
Exploratory research designs are used in cases where the subject is unclear or undefined. It isn't as prevalent with IGNOU MCom projects but may be used in areas such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory research design in order to examine the knowledge of employees about new accounting practices.
Use this design only when the subject you're discussing is unexplored.
In order to choose the most appropriate design to choose the right design, you must ask these questions.
Am I describing a present situation
Do I examine either performance or trends
Am I exploring the possibility of a new idea
If the answer is a description and not a description, then you should go with a descriptive design.
If it includes numbers or comparison, add analytical design.
If it relies on understanding and interpreting new ideas take a look at exploratory design.
In the majority of ignou mcom submissions an analytical and descriptive design are more than adequate.
Once you've decided on a research strategy After deciding on the research design, the next task is selecting the way in which data is collected. The data collection method must fit the research plan.
IGNOU MCOM project report (www.garagesale.es) allows both primary and secondary data. What matters is honesty and clarity.
Primary data is information gathered in the direct presence of the research scientist for the very first time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data is valuable in projects that involve opinions or perceptions.
Topics suitable the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but do not design them properly. IGNOU does not look at the questionnaire deeply, but it should appear appropriate and logical.
Guidelines for questionnaire design.
Simple questions should be asked.
Avoid excessive technical vocabulary
Make sure you answer close-ended questions
Answers to questions should correspond with goals
Example description for methodology section.
Primary data was collected through an instrument that was structured and consisted of close-ended questions that were developed according to the objectives from the study.
Don't claim advanced survey methods if you do not use them.
Interviews are not as common but it's useful for small sample studies. It's perfect for case studies and qualitative topics.
Example explanation.
Primary data was gathered via personal conversations with selected employees to determine their viewpoints on the matter.
Utilize the interview technique only if you actually had a conversation with the respondents.
Secondary data is information that has been received by another. This is a common practice in the ignou mcom project.
The sources of secondary data are.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Finance and accounting topics mostly depend on secondary data.
Example explanation.
The study is based on secondary data taken from companies' annual reports, textbooks, journals, and official websites.
Secondary data is completely acceptable provided it is properly cited.
Students tend to think that primary data appears superior. This isn't always the case.
Select primary data whenever possible.
The subject of your discussion involves opinions or behaviors
You are able to speak to a variety of respondents
Size of the sample is manageable
Select secondary data whenever possible.
Your topic is financial or accounting-related.
Data is readily available from reports
The time limit is set
IGNOU doesn't penalize any projects on the basis of secondary information. The most important thing is that the analysis is done correctly.
Design of sampling explains how participants or units were picked.
In ignou mcom project work simply sampling techniques are enough.
Convenience sampling is the most widely used method among students.
Example explanation.
A convenient sampling technique was employed to select respondents based on accessibility and availability.
This is accurate and recognized by IGNOU.
Random sampling might be mentioned If respondents were randomly chosen.
Example explanation.
The random sampling method was used to pick respondents from the entire population.
Make sure to use this only in the event that the selection was actually random.
The size of the sample should be manageable and be manageable.
Common sample sizes of IGNOU projects range from 30 to 100 people who take part in surveys.
for financial reports, the size of the sample could refer to the number years or businesses.
Example explanation.
The sample size is 50 people who are part of the organization.
Or
The study covers financial data of five consecutive years.
Maintain this consistency with your analysis section.
The length of study defines the time period for your study.
For financial topics, mention the financial year in a clear manner.
For survey topics, include the time of collecting data.
Example.
The study spans three months in which data were gathered and analyzed.
This is a sign of planning and clarity.
Many of the ignou mcom submissions suffer due to avoidable mistakes.
Copying methods from the internet
Utilizing advanced terminology without understanding
Discord between goals and methodologies
Representing primary data, but without any evidence
Make sure you avoid these mistakes in order to increase your project quality.
IGNOU assessors search for.
Clarity
Logical flow
Relevance to topic
An honest explanation
They do not want perfect research. They demand sincere efforts.
An easy and well-described technique usually scores higher than a copied technical one.
Always check your objectives prior to formulating your strategy. Every objective should be supported through a system.
If the objective is to study financial performance, include those ratios.
If objective is to study employee satisfaction, provide a questionnaire.
This alignment gives a strong impression.
Selecting the right research design and method for data collection cannot be a matter of complexity. It is about suitability. In an ignou project, simple choices explained clearly are most efficient.
Be aware of your topic. Keep your data honest. Write your thoughts in your own words. This alone can boost your marks and confidence.
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