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Picking the appropriate research style and method for data collection is one of the most challenging aspects for students working on their IGNOU project. A lot of students write their ignou MCOM project without being able to clearly define what research they're actually carrying out. In the end, the methodology section seems inadequate, copied, or out of sync with the subject.
This article is focused on the steps to select an appropriate research design and data collection methodology with respect to IGNOU MCom projects. It provides concepts in a simple way and connects them with concrete examples so that students can easily apply them.
Research design functions as an outline for your study. It defines the direction of your research project. If the research method is not correct, everything that begins with data collection and analysis and conclusion is questioned.
IGNOU doesn't expect complicated or highly technical research designs. What they look for is alignment. The design must be consistent with your goals, your topic, and access to data.
Many students lose marks not just because their content isn't good or their writing style is bad, but because the design doesn't align with the purpose the students have set out in their writing.
Research design defines the kind of study you are conducting. It is a response to three questions.
What is being investigated?
What is being looked at
How it is being studied
In ignou's MCOM project work, research design usually falls in one or more of these categories.
In general, descriptive research designs are the most widely used design in IGNOU MCom projects. It is utilized for projects that seek to identify a condition, situation or even a performance.
This design is suitable for topics like.
The satisfaction of employees
Customer perception
Financial performance analysis
Working capital management
Training's impact on employees
In descriptive research, the researcher does not manipulate variables. The focus is only on observing and describing existing facts.
Example explanation.
The study is based on an exploratory research approach to analyze the present financial situation of the business based on pertinent information.
This design is safe as well as accepted. It's also simple to prove in an ignou mcom project.
Analytical research is utilized when a study goes above description and seeks to understand relationship or performance trends.
This design can be used when the project you are working on includes.
The ratio analysis
Research on trends
Comparative study between companies
Year-long financial evaluation
Many finance related ignou MCOM project topics employ analytical design in addition to descriptive design.
Example explanation.
The study adopts an analytical research design to examine the financial performance of the firm by way of trend and ratio analysis.
This shows depth without sounding complicated.
Exploratory research design is employed when the topic is undefined or is not clear. It is less common among IGNOU MCom projects but may be utilized in other areas such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory approach for understanding the public's awareness of current accounting practices.
Use this design only when your topic genuinely explores something new.
To decide on the right design Consider these questions.
Am I writing about an existing situation
Am I looking at the performance or trend
Are I researching the possibility of a new idea
If the answer is "description or description, use descriptive design.
If it is based on numbers and comparison, add analytical design.
If it is focused on understanding new ideas then go with exploratory designs.
For the vast majority of IGNOU MCOM Project Help Online mcom project submissions detailed and analytical designs are more than sufficient.
When the research concept is chosen following the selection, the next step involves deciding how data will be taken. Methods for collecting data should match your research concept.
IGNOU permits primary as well as secondary data. The most important thing is honesty and transparency.
Primary data are the data that was collected in the direct presence of the research scientist for the very first time.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data is valuable when you are working on projects that require opinions or beliefs, or even behavior.
Examples of topics suitable for data that is primary.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but don't make them well-designed. IGNOU does not analyze the questionnaire to its fullest extent, however it should appear appropriate and logical.
Guidelines for questionnaire design.
Make sure questions are simple
Avoid tech-speak.
Use short-ended questions
Make sure that questions are linked to objectives
Example description for methodology section.
Primary data was collected using the structured questionnaire, which consists of close ended questions designed according to the goals used in this research.
Do not claim advanced survey techniques if you did not apply them.
Interview methods are less popular however it can be useful for small sample studies. It's perfect for case research and qualitative issues.
Example explanation.
The primary data was collected via personal interviews with employees to discover their views on the topic.
Employ the interviewing method only if you have interacted with respondents.
Secondary data refers to information already taken from another source. It is widely used in the work of the project ignou mcom.
Sources of secondary information include.
Statements of financial positions Books Research journals Company websites Government publications
Finance and accounting subjects typically are dependent on secondary data.
Example explanation.
The study is based upon secondary data gathered from companies' annual reports and textbooks, journals, and official websites.
Secondary data is totally acceptable as long as it is properly referenced.
Students tend to think that primary data is more appealing. It's not always so.
Choose primary data when.
Your topic involves opinions or conduct
You are able to speak to respondents
Size of the sample is manageable
Make sure to use secondary data.
Your subject is finance or accounting related.
There is data available with reports
Time is limited
IGNOU doesn't penalize any projects based on secondary data. It is about proper analysis.
Sampling design describes how respondents or units were picked.
For projects like ignou's mcom with simple sampling techniques enough.
Convenience sampling is the most frequently utilized method for students.
Example explanation.
The convenience sampling technique was utilized for selecting respondents based on accessibility and availability.
This is accurate and has been accepted by IGNOU.
Random sampling is a possibility in the event that respondents were randomly selected.
Example explanation.
Random sampling was the method employed to pick respondents from the entire population.
Only apply this method if your selection was not random.
The sample size must be reasonable and doable.
Sample sizes that are common in IGNOU projects range from 30 to 100 people who take part in surveys.
For financial studies, sample size could refer to the number of years or even companies.
Example explanation.
The sample size is fifty respondents from the organization.
Or
The study covers financial data from five consecutive years.
Maintain this consistency with your analysis section.
Period of study defines the time frame of your research.
In the case of financial topics, indicate the financial year clearly.
For survey topics, provide the time of the data collection.
Example.
The period of study covers three months, during which time data were gathered and analyzed.
This is a sign of planning and clarity.
Many of the submissions to ignou's MCOM projects get ruined due to a few mistakes that can be avoided.
Copying methodology from online
using terms from the internet that are not understood without having a clear understanding
A mismatch between objectives and the methodology
Insisting on primary information with no proof
Avoid these errors to improve the quality of your work.
IGNOU evaluaters look for.
Clearness
Clarity
Connection to the topic
Full explanation
They don't have the expectation of perfect research. They expect genuine effort.
Simple and well explained technique is more often rated higher that a technical copy.
Always check your objectives prior to writing the methodology. Every goal must be backed by a procedure.
If the objective is to study the performance of financials, you should mention proportions.
If objective involves analyzing employee satisfaction, use questionnaires.
This alignment gives a strong impression.
Selecting the right research plan and data collection method does not require complexity. It's all about a sense of suitability. In a project like ignou mcom simple, clear and straightforward decisions work best.
Make sure you know your subject. Be honest about your data. Write your thoughts in your own words. This alone can help improve scores and confidence.
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