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Selecting the best research design and method for data collection is among the most complicated aspects for students who are working on their IGNOU project. Students often begin writing their ignou-mcom project with no having a clear understanding of the type of research they're actually carrying out. The result is that the methodology section appears thin, sloppy, or unrelated to the subject.
This article concentrates on the best way to choose an appropriate research plan and method of data collection for IGNOU MCom projects. It clarifies concepts using a simple terms and connects them with practical examples so that students are able to use them immediately.
Research design is an outline of your research. It outlines the direction of your project. If the design of your research is flawed, everything that is based on data collection, analysis and conclusion is in doubt.
IGNOU doesn't expect complicated or highly technical research models. What they do expect is alignment. Your design should correspond to your goal, topic, and information availability.
Many students do not lose marks because their subject is poor in the first place, but due to their design 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 undertaking. It addresses three fundamental questions.
What is being studied
What is being looked at
What is being investigated
In the ignou mcom project work research design generally falls into one of the following categories.
Descriptive research design is among the most frequently employed design in IGNOU MCom projects. It is used when the purpose is to describe a situation, condition, or performance.
This design is ideal to be used in areas such as.
The satisfaction of employees
Affects the perception of customer
Assessment of financial performance
Management of working capital
Training's impact on employees
In descriptive research it is not possible to manipulate variables. The emphasis is on taking note of and describing current facts.
Example explanation.
The study employs the method of descriptive research that analyzes the current financial position of the selected company by analyzing relevant data.
This design is secure easily accepted and easy explain in an ignou MCOM project.
Analytical research methods are employed when the research goes beyond descriptions and attempts to look at relationship or performance trends.
This design is appropriate when your project involves.
Ratio study
Ratio analysis
Comparison study between companies
Financial year wise evaluation
Many finance related ignou MCOM project topics use analytical design along with descriptive designs.
Example explanation.
The study implements an analytical research model to assess the financial performance of the company using ratio analysis and trend analysis.
This shows depth without sounding complicated.
Exploratory research methods are employed in cases where the subject is in its initial stages or not well defined. It is not as common within 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 employs an exploratory research methodology to investigate the awareness of employees about the most recent accounting practices.
Use this style only when your subject is truly exploring something that is not familiar to you.
For the best design consider these questions.
Am I writing about an existing situation
Do I examine the performance of or trends
Am I investigating an idea that is new to me?
If your answer is a description or description, use descriptive design.
If it involves numbers and comparison, add analytical design.
If it relies on understanding and interpreting new ideas explore design.
To be used for most ignou-mcom project submissions, descriptive and analytical designs are more than sufficient.
When you have chosen the research plan then the next stage is deciding how data will be collected. The data collection method must fit your research design.
IGNOU accepts primary and secondary data. The most important thing is honesty and clarity.
Primary data is data 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 the project you're working on involves 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
Most students fill out questionnaires but do not design them properly. IGNOU does not look at the questionnaire, however it needs to appear legitimate and rational.
Guidelines for questionnaire design.
Keep questions short and simple
Beware of technological language
Use close ended questions
Incorporate questions into goals
Example description for methodology section.
The primary data was collected by using an organized questionnaire comprised of closely-ended, standardized questions designed in accordance to the purposes that the investigation was aiming for.
Don't claim advanced techniques for surveying if you did not use them.
The interview method is less well-known but it's useful for small sample studies. It's ideal for case research and qualitative issues.
Example explanation.
Primary data was gathered via personal conversations with selected employees to discover their views on the matter.
Only use interview methods if you have actually spoken to respondents.
Secondary data is data stored by an individual. It is used extensively in ignou mcom project work.
Sources of secondary data include.
Annual reports Financial statements Books Research journals Company websites Government publications
Topics related to finance and accounting mainly depend on secondary data.
Example explanation.
The study relies on secondary data gathered from companies' annual reports as well as textbooks, journals or official internet sites.
Secondary information is acceptable for as long as it's properly identified.
Many students believe that primary data appears better. This isn't always the case.
Use primary data only when.
Your subject is a source of opinions or behavior
You are able to speak to a variety of respondents
The size of the sample is achievable
Select secondary data whenever possible.
Your subject is financial or accounting based.
This information is available via reports
There is a time limit
IGNOU has no intention of penalizing any project on the basis of secondary data. What is important is proper analysis.
The design of sampling describes how respondents or units were selected.
In ignou's MCOM project work simply sampling techniques are enough.
Convenience sampling is among the most commonly used method by students.
Example explanation.
A convenient sampling technique was employed to select respondents according to accessibility and availability.
This is a factual and valid assumption that has been accepted by IGNOU.
Random sampling might be mentioned if respondents were selected randomly.
Example explanation.
Random sampling technique was employed to select the respondents from the general population.
Only apply this method if your selection was truly random.
Sample size should be considered reasonable and easy to manage.
Sample sizes that are common in IGNOU MCOM Project Writing projects range from 30 to 100 participants for surveys.
As for studies on financials sample size could be a reference to number of years or the size of companies.
Example explanation.
The sample size consists of 50 people from the chosen company.
Or
The study covers financial data for five consecutive years.
Maintain this consistency with your analysis section.
Period of study defines the time frame of your study.
For financial topics, list the financial year in a clear manner.
For survey topics, mention the duration of data collection.
Example.
The period of study covers three months, during which data were collected and analysed.
This shows organization and clarity.
A large number of submissions for projects to ignou get ruined due to a few mistakes that can be avoided.
Copying methodologies from the internet
Utilizing terms of the future without understanding
Inconsistency between objectives and methodologies
Insisting on primary data in the absence of evidence
Beware of these mistakes and improve the quality of your project.
IGNOU examiners look for.
Accuracy
Logical flow
Relevance to topic
Truthful explanation
They do not require perfect research. They expect sincere effort.
Simple and clearly explained technique usually scores higher than a copied technical one.
Always study your goals prior creating your methodology. Each objective should be supported by a process.
If objective is to analyze financial performance, highlight percentages.
If objective is to determine employee satisfaction, use questionnaires.
This alignment creates a strong impression.
Picking the appropriate research design and method for data collection will not be about complexity. It's about being able to use it. For an ignou MCOM project simple, clear and straightforward decisions perform best.
Make sure you know your subject. Be truthful about the information you provide. Write in your own words. That alone can improve both scores and confidence.
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