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Choosing the correct research design and data collection technique is among the most ambiguous aspects for students working on their IGNOU Project MCOM project. A lot of students begin writing their IGNOU mcom projects without knowing what research they're actually undertaking. So, the methodology section can appear weak, copied, or a bit disconnected from the topic.
This article is primarily focused on the best way to choose an appropriate research strategy and data collection method specifically for IGNOU MCom projects. It will explain concepts in a straightforward language, and then links them to examples so that students can quickly apply them.
Research design acts like a blueprint for your study. It sets the direction for your project. If your research design is wrong, everything that comes after data collection, analysis and conclusion may be in question.
IGNOU does not anticipate complex or highly technical research designs. What they look for is alignment. Your design should be in line with your goals, topic, as well as the availability of data.
Students lose marks often not just because their writing isn't up to scratch However, the style of their work doesn't align with the purpose they've established in their paper.
Research design is the way to describe the kind of study you're conducting. It is a response to three questions.
What is being looked at?
why it is being examined
What is being studied
In ignou's MCOM project work research design generally falls into one of the following categories.
The descriptive design for research has become the most frequently employed design in IGNOU MCom projects. It is employed when the purpose is to denote a situation or condition, or even a performance.
This design is ideal for topics like.
Employee satisfaction
Customers' perception
Analyzing financial performance
Working capital management
The impact of training on employees
In descriptive research the researcher doesn't alter variables. It is all about looking at and explaining existing facts.
Example explanation.
The study is based on an analytical research plan in order to analyse the financial situation of the firm using pertinent data.
This design is secure and is easy explain in an ignou mcom project.
Analytical research design is used for research that goes beyond descriptions and attempts to investigate performances or relationship patterns.
This design is suitable when your project includes.
Ratio study
Analysis of trends
Comparative study between companies
Year wise financial evaluation
A variety of finance related ignou topics are based on analytical design along with descriptive design.
Example explanation.
The study implements an analytical research model to assess the financial performance of the company by analyzing trends and ratios.
This shows depth but isn't complicated.
Exploratory research is a method of conducting research when the subject is unknown or has not been defined clearly. It's not so common and is not used in IGNOU MCom projects but may be employed in fields such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory research plan to understand employee awareness regarding recent accounting practices.
This design should only be used when your topic genuinely explores something unexplored.
For the best design take a look at these issues.
Are I describing a current situation
Do I look at the performance or trends
Am I looking into 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 involves numbers and comparison then add an analytical design.
If it concentrates on gaining insight into new ideas explore design.
For the majority of ignou MCOM project submissions an analytical and descriptive design will suffice.
Once research design is selected Following that, you must choosing how data will be collected. Data collection methods should align with your research design.
IGNOU accepts primary and secondary data. It is the honesty and transparency.
Primary data is information gathered through direct contact with the researcher, for the first.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data can be useful in projects that involve opinions as well as perceptions and behavior.
Topics that could be appropriate the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but do not design them properly. IGNOU has not evaluated the questionnaire to its fullest extent, however it must appear relevant and logical.
Guidelines for questionnaire design.
Keep questions simple
Avoid technological language
Make sure you answer close-ended questions
Answers to questions should correspond with objectives
Example description for methodology section.
Primary data were collected with a structured questionnaire made up of close ended questions designed according to the goals of the study.
Don't claim advanced survey techniques if they did not use them.
The interview method is not very popular but it's useful for small sample studies. It's great for case studies and qualitative topics.
Example explanation.
The primary data was collected via individual interviews with employees to get their opinions about the issue.
Utilize the interview technique only if that you had actual interaction with respondents.
Secondary data are data that has been obtained by someone else. It is commonly used in ignou mcom project work.
Data sources that are secondary include.
Statements of financial positions Books Research journals Company websites Government publications
Topics in finance and accounting typically are dependent on secondary data.
Example explanation.
The research is based on secondary data that was gathered from annual reports journal articles, textbooks also official portals.
Secondary information is acceptable as long as it is properly referenced.
Students often think primary data will look better. This isn't always the case.
Make sure to select primary data when.
Your topic involves opinions, or behaviors
You have access to people
Sample size is easily manageable
Use secondary data only when.
The topic you choose is finance or accounting related.
Information is available through reports
There is a time limit
IGNOU has no intention of penalizing any project on the basis of secondary information. What is important is proper analysis.
The sampling design explains how respondents or units were picked.
In the ignou MCOM project work simply sampling techniques are enough.
Convenience sampling is one of the most popular method used by students.
Example explanation.
A convenient sampling technique was employed for selecting respondents based on availability and accessibility.
This is the truth and has been acceptable by IGNOU.
Random sampling can be described in cases where respondents were picked randomly.
Example explanation.
Random sampling methods were used to select the respondents from the general population.
Use this only in cases where the selection was not random.
The sample size should be acceptable and be manageable.
Standard sample sizes for IGNOU projects vary from 30 to 100 respondents for surveys.
To conduct financial analyses, sample size could refers to the number years or businesses.
Example explanation.
The sample size consists of 50 people who are part of the organization.
Or
The study includes financial information of five consecutive years.
Keep this consistent with your analysis section.
The term "period of study" defines the time period for your study.
For financial topics, write down the financial years in detail.
For survey topics, provide the time of the data collection.
Example.
The study spans the period of three months where data was gathered and then analyzed.
This shows planning and clarity.
Many ignou mcom project proposals fall victim to errors that could be avoided.
Copying methodology from internet
using terms and concepts that are advanced without having a clear understanding
Uncertainty between objectives and methodologies
using primary data without supporting evidence
Avoid these errors to improve the quality of your project.
IGNOU appraisers will look for.
Clarity
Logical flow
Importance to the topic
Truthful explanation
They don't require flawless research. They look for honest efforts.
An easy and well-described technique is more often rated higher than a copied and technical one.
Always check your objectives prior to writing your approach. Every objective should be supported by a method.
If the goal is to analyse financial performance, refer to percentages.
If objective is to analyze employee satisfaction, refer to questionnaire.
This alignment makes a powerful impression.
Selecting the right research plan and data collection method is not about complexity. It is about suitability. For an ignou MCOM project easy choices, clearly explained work best.
Find out the topic you are discussing. Make sure you are honest with your information. Write your thoughts in your own words. That alone can improve both scores and confidence.
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