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Choosing the correct research design as well as the best method to collect data is one of the most confusing parts of the IGNOU project. A lot of students begin writing their ignou-MCOM project work IGNOU project with no knowing what research they actually are conducting. Thus, the methodology section looks thin, sloppy, or disengaged from the subject.
This article is primarily focused on how to select the right research design and method of data collection when working on IGNOU MCom projects. It explains concepts in an easy language and links them directly to practical examples so that students can quickly apply them.
Research design functions as an outline for your study. It is the basis for your research project. If the research design is wrong, then everything that involves data collection, analysis and conclusion is in doubt.
IGNOU is not looking for complex or highly technical research designs. What they do expect is alignment. Your design should correspond to your objectives, the topic and the availability of data.
Many students score low marks, not just because their content isn't good in the first place, but due to their design isn't compatible with the objectives they've written.
Research design explains what type of study you are conducting. It is a response to three questions.
What is being looked at?
What is being studied
What is being investigated
In ignou's mcom projects research design is usually categorized under one of the following types.
Descriptive research design is the most commonly utilized design used in IGNOU MCom projects. It is employed when the goal is to provide a description of a situation, state or a particular performance.
This design can be used for topics like.
Satisfaction of employees
Satisfaction of clients
Evaluation of financial performance
Management of working capital
Training's impact on employees
In descriptive research researchers are not able to manipulate variables. The focus is solely on observing and describing existing facts.
Example explanation.
The study is based on the pattern of a descriptive research study in order to analyse the financial position of the selected company using relevant information.
This design is secure and is easy to justify in an project for mcom.
Analytical research design is employed in studies that go beyond description and tries to analyze patterns of performance or relationships.
This design is appropriate if your project has.
Analysis of ratios
Comparison study
Comparison study between companies
Financial year-to-year evaluation
A lot of finance-related ignou mcom projects employ analytical design along with descriptive design.
Example explanation.
The study employs an analytical research approach to assess the financial performance of the company through ratio and trend analysis.
This shows depth, but without sounding complex.
Exploratory research designs are used when the subject is new or not clearly defined. It is less frequent and is not used in IGNOU MCom projects but may use in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory approach to investigate the awareness of employees about recent accounting practices.
Use this design only when your subject is truly exploring something unexplored.
When choosing the right style You should ask yourself these questions.
Do I describe an existing situation
Do I analyze performances or trends
Do I am attempting to discover an idea that is new to me?
If your answer is descriptive or description, use descriptive design.
If it includes numbers or comparison the design should be analytical.
If it involves a deeper understanding of new ideas consider exploratory designs.
For the vast majority of ignou mcom project submissions, descriptive and analytical designs are more than enough.
When the research concept is chosen, the next step is selecting the way in which data is taken. Methods for collecting data should match your research design.
IGNOU allows both primary and secondary data. What is important is honesty and clarity.
Primary data is information gathered from the researchers directly for the first time.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primarily gathered data can be beneficial whenever your project requires opinions about behavior, perceptions, or.
Examples of topics that are appropriate in primary research.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but do not design them correctly. IGNOU does not review the questionnaire to its fullest extent, however the design should be logical and logical.
Guidelines for questionnaire design.
Keep questions short and simple
Avoid tech-speak.
Make sure you answer close-ended questions
Incorporate questions into objectives
Example description for methodology section.
Primary data was obtained using an organized questionnaire comprised of close ended questions designed according to the purpose to be studied.
Do not use advanced survey techniques if your did not use them.
The interview method is less well-known but can be helpful for small-sample studies. It works well for case studies and qualitative topics.
Example explanation.
The initial data collection was done through personal interviews with selected employees to understand their views on the topic.
Only use interview methods if you actually interacted with respondents.
Secondary data are data that has been acquired by a third party. It is used extensively in the ignou mcom projects work.
Data sources that are secondary include.
Statements of financial positions Books Research journals Company websites Government publications
Finance and accounting topics mainly require secondary information.
Example explanation.
The study relies on secondary data collected from company annual reports and textbooks, journals, and official websites.
Secondary data is totally acceptable If it is appropriately mentioned.
People often believe that primary information has a better appearance. It's not always the case.
Select primary data whenever possible.
Your topic may involve opinions or actions
You have access to people
Sample size is achievable
Select secondary data whenever possible.
Your topic is either financial or accounting related.
The data is available through reports
Time is limited
IGNOU is not penalizing projects based on secondary information. What is important is a proper analysis.
The sampling design explains how respondents or units were picked.
In ignou mcom project work, simple sampling methods are enough.
Convenience sampling is one of the most frequently utilized method for students.
Example explanation.
The convenience sampling technique was utilized to select respondents based upon accessibility and availability.
It is also recognized by IGNOU.
Random sampling may be mentioned on the basis that respondents were selected randomly.
Example explanation.
Random sampling method was used to select the respondents from the general population.
Use this only if the pick was truly random.
The sample size must be reasonable and doable.
The typical sample sizes for IGNOU projects vary from 30 to 100 people who take part in surveys.
Financial studies may require a sample size. the size of the sample could refer to the number of years or businesses.
Example explanation.
The sample size is 50 respondents from a selected group.
Or
The study includes financial information from five consecutive years.
Make sure that this is consistent with your analysis section.
Study time defines the length of your research.
For topics on finance, make sure to mention your financial year clearly.
For survey topics, include the time of collecting data.
Example.
The study period consists of three months during which data was collected and analyzed.
This is a sign of planning and clarity.
A large number of submissions for projects to ignou fail due to mistakes that are avoidable.
Copying methodology from the internet
Utilizing terms of the future without having a clear understanding
The objectives are not compatible and methods
Invoking primary information with no proof
Beware of these mistakes and improve the quality of your project.
IGNOU evaluations are looking for.
Accuracy
The flow of logic
Application to the topic
Accurate explanation
They do expect not to have perfect research. They expect sincere effort.
Simple and well explained technique is more often rated higher than a copied technical one.
Read your objectives thoroughly prior to creating your methodology. Every objective should be supported by a strategy.
If the objective is to study the financial performance of a company, make reference to numbers.
If objective involves analyzing employee satisfaction, refer to questionnaire.
This alignment gives a strong impression.
The selection of the ideal research design and data collection technique is not about complexity. It's all about a sense of suitability. For an ignou MCOM project basic choices made clear will work the best.
Find out the topic you are discussing. Make sure you are honest with your information. Write in your own language. It can boost both scores and confidence.
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