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Selecting the best research design and method of data collection is one of many of the most naive tasks of students working on their IGNOU project. Many students begin writing their ignou-mcom project with no really knowing what research they are actually doing. Therefore, it appears as if the methodology is uninspired, copied, or out of sync with the subject.
This article focuses exclusively on the process of selecting the most appropriate research design and data collection methodology appropriate for IGNOU MCom projects. It clarifies concepts using a simple language, and then links them with examples in a way that students are able to apply them quickly.
Research design functions as a blueprint for your study. It defines the direction for your project. If the research strategy does not meet the criteria, everything that begins with data collection and analysis and conclusion is in doubt.
IGNOU does not anticipate complex or highly technical research plans. What they are looking for is alignment. Design should be in line with goals, topics, and access to data.
Students lose marks often not just because their content isn't good, but because their design doesn't align with the purpose they've established in their paper.
Research design provides the details of what kind of study you're conducting. It addresses three fundamental questions.
What is being considered
Why it is being investigated
How it is being investigated
In ignou's project work, research design usually falls to one of the aforementioned categories.
The Descriptive Research Design is one of the most commonly utilized design in IGNOU MCom projects. It is utilized when the purpose is to identify a condition, situation, or performance.
This design is appropriate to be used in areas such as.
The satisfaction of employees
Personal perceptions of customers
Analysis of financial performance
Working capital management
Effect of training on employees
In descriptive research the researcher doesn't manipulate variables. The focus is solely on noting and describing existing facts.
Example explanation.
The study employs the method of descriptive research in order to analyse the financial position of the selected firm using pertinent data.
This design is secure and accepted. It is also easy justification in an ignou mcom project.
Analytical research methods are employed when the study goes beyond descriptions and attempts to look at the relationships between performance trends or patterns.
This design is appropriate if your work involves.
Analysis on ratio
Tend analysis
Comparison study between companies
Financial year-to-year evaluation
Many finance related ignou mcom project topics use analytical design in addition to descriptive design.
Example explanation.
The study employs an analytic research method to assess the financial performance of the firm using trend analysis and ratios.
This indicates depth without sounding complicated.
Exploratory research design is used in cases where the subject is fresh or has not been clearly defined. It's not so 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 research plan to assess the level of awareness among employees regarding recent accounting practices.
Use this style only when your topic is really exploring something that is not familiar to you.
To select the right design Consider these questions.
Do I want to present an existing situation
Do I examine performance or trends
Am I looking into some new ideas
If the answer is a description and not a description, then you should go with a descriptive design.
If it includes numbers or comparison it is advisable to add an analytical style.
If it relies on understanding and interpreting new ideas go for exploratory design.
For the majority of ignou MCOM project submissions that are descriptive and analytical, these designs are more than adequate.
Once you've decided on a research strategy the next step is choosing how data will be taken. Methods for collecting data should match your research design.
IGNOU allows both primary and secondary data. What matters is honesty and transparency.
Primary data refers to data gathered straight by the researcher in their first attempt.
Common primary data tools include.
Questionnaire
Interview
Observation
Primarily gathered data can be beneficial when you're working with opinions or perceptions.
Topics suitable for data that is primary.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students utilize questionnaires but do not design them correctly. IGNOU doesn't evaluate the questionnaire to its fullest extent, however it needs to appear legitimate and logical.
Guidelines for questionnaire design.
Make sure questions are simple
Beware of using technical terminology
Use closed ended questions
Links questions to goals
Example description for methodology section.
Primary data was collected using the structured questionnaire, which consists of closed-ended questions that were designed according to the goals and goals of this study.
Do not claim the latest survey techniques if they did not apply them.
Interviews aren't very common but useful for small sample studies. It's great for cases study and qualitative research topics.
Example explanation.
The primary data was collected via personal interviews with employees to discover their views about the subject.
Use the interview method only if participants actually engaged with you.
Secondary data is information that has been collected by someone else. This is a common practice in the ignou MCOM IGNOU Project Work project work.
Sources of secondary data include.
Statements of financial positions Books Research journals Company websites Government publications
Finance and accounting topics mainly are dependent on secondary data.
Example explanation.
The study relies on secondary data from company annual reports journal articles, textbooks also official portals.
Second-hand information is fine as long as it is properly referenced.
Students often think primary data appears better. It's not always so.
Pick the primary data.
The subject of your discussion involves opinions or conduct
You are able to speak to people
Sample size is feasible
Make sure to use secondary data.
The topic you choose is finance or accounting based.
This information is available from reports
Limitations on time
IGNOU will not punish projects based on secondary information. What matters is the correct analysis.
The sampling design explains how respondents or units were selected.
In the ignou project work basic sampling techniques are enough.
Convenience sampling is among the most frequently utilized method for students.
Example explanation.
Convenience sampling is a method for selecting respondents based on accessibility and availability.
This is the truth and has been approved by IGNOU.
Random sampling could be used when respondents were chosen randomly.
Example explanation.
Random sampling was the method employed to select the respondents from the general population.
This only applies if the choice was truly random.
The sample size should be acceptable and be manageable.
The common sample sizes used in IGNOU projects range from 30 to 100 people who take part in surveys.
In financial research, the size of the sample can refer to the number of years or companies.
Example explanation.
The sample size consists of 50 respondents from the chosen company.
Or
The study includes financial information of five consecutive years.
Be sure to keep this in line with your analysis section.
Period of study defines the duration of your research.
For financial topics, list financial years clearly.
For survey issues, list the time of the data collection.
Example.
The study spans three months, during which data was collected and analyzed.
This shows planning and clarity.
Many ignou mcom project submissions result in errors that could have been avoided.
Copying methodologies from the internet
using advanced terms without knowing
Inconsistency between objectives and methodologies
Insisting on primary information with no proof
Avoid these errors to improve the quality of your work.
IGNOU evaluaters look for.
Accuracy
Logical flow
Importance to the topic
Transparent explanation
They don't require flawless research. They expect sincere effort.
Simple and well-explained procedure is usually more successful than a copycat technical approach.
Always review your goals prior to creating your methodology. Each objective must be backed by a method.
If your goal is to look at the financial performance of a company, make reference to specific ratios.
If objective is to measure employee satisfaction, mention questionnaire.
This alignment creates a strong impression.
The right research design and data collection methodology is not about complexity. It's about a good fit. In an ignou mcom project easy choices, clearly explained are the best.
Learn about your topic. Be truthful about the information you provide. Write in your own language. This alone is a great way to improve both marks and confidence.
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