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Finding the right research plan as well as the best method to collect data is among the most difficult tasks of the IGNOU project. Most students begin writing the ignou mcom proposal without being able to clearly define what research they're actually conducting. This is why the methodology section is uninspired, copied, or is disconnected from the theme.
This article focuses only on the steps to select an appropriate research strategy and data collection technique of IGNOU MCom projects. It explains concepts in an easy language, and then links them through practical examples to ensure that students can implement them easily.
Research design acts like an outline of your research. It defines the direction of your project. If the design of your research is not correct, everything that involves data collection, analysis and conclusion will be questioned.
IGNOU Project MCOM - Highly recommended Internet site - does not believe in complex or technical research designs. What they are looking for is alignment. The design should reflect your objectives, topic, and information availability.
Many students are penalized not due to the topic being bad it's because their layout does not align with the goals they have written.
Research design can explain what type of research you're conducting. It addresses three fundamental questions.
What is being researched
for? Why is it being studied
What is being investigated
In the work of the ignou mcom project research design generally falls in one or more of these categories.
This is the most frequently used design in IGNOU MCom projects. It is employed in cases where the purpose is to explain a particular situation, condition, or perform.
This design is ideal to be used in areas such as.
Satisfaction of employees
Satisfaction of clients
Evaluation of financial performance
Working capital management
The impact of training on employees
In descriptive research researchers don't alter variables. It is all about observing and describing existing facts.
Example explanation.
The study is based on the design of a descriptive study to assess the current financial situation of the company using relevant information.
This design is secure and accepted. It is also easy for an organization to support in their ignou MCOM project.
An analytical research design is utilized in research that goes beyond description, and aims to study and compare performance trends.
This design is suitable if your project involves.
Ratio analysis
Ratio analysis
Comparative analysis between companies
Financial year-to-year evaluation
Many finance related ignou mcom topics are based on analytical design along with descriptive designs.
Example explanation.
The study employs an analytic research methodology to analyze the financial performance of the firm through trend analysis and ratio analysis.
This shows depth but isn't complicated.
Research design that is exploratory is often used for topics that are new or not clearly defined. It isn't as prevalent 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 follows an exploratory research model to study the employee's perception of recent accounting practices.
Use this design only when your subject really explores something unfamiliar.
To decide on the right design You should ask yourself these questions.
Are I describing a current situation
Am I analyzing developments or performance
Do I want to explore some new concepts
If the answer is a description the design should be descriptive.
If it is based on numbers and comparison you can add analytical design.
If it has to do with understanding new ideas explore design.
For the vast majority of ignou mcom project submissions conceptual and analytical designs are more than enough.
After selecting the research method the next step is to decide how data should be taken. The method you choose for data collection must complement the research plan.
IGNOU accepts primary and secondary data. What is important is honesty, and transparency.
Primary data refers to data gathered via the individual researcher who is collecting data for only the second time.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data is valuable when the project you're working on involves opinions, perceptions, or behavior.
Examples of topics suitable to be used as primary information.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students make use of questionnaires, but don't properly design them. IGNOU does not analyze the questionnaire to its fullest extent, however it must appear relevant and logical.
Guidelines for questionnaire design.
Keep questions simple
Beware of tech-speak.
Use short-ended questions
Answers to questions should correspond with objectives
Example description for methodology section.
Primary data was gathered using the structured questionnaire, which consists of close-ended questions that were developed according to the purpose to be studied.
Do not assert advanced survey methods if you do not employ them.
Interviews are not as common but it's useful for small sample studies. It works well for case research as well as qualitative topics.
Example explanation.
The primary data was gathered through personal conversations with selected employees in order to gain insight into their opinions on the issue.
Interview method only when you actually interacted with respondents.
Secondary data is data received by another. This is a common practice in the ignou MCOM project work.
Secondary data sources include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Finance and accounting topics mainly are dependent on secondary data.
Example explanation.
The research is based on secondary data gathered from companies' annual reports publications, textbooks and journals along with official web sites.
Secondary data is entirely acceptable if properly mentioned.
Many students believe that primary data looks better. That is not always true.
Pick the primary data.
Your topic may involve opinions or behaviour
You are able to speak to those who have an opinion
The size of the sample is acceptable
Select secondary data whenever possible.
It is a financial or accounting-related.
The data is available from reports
and reports. Time is not unlimited.
IGNOU won't punish any of its projects based on secondary data. What is important is an accurate analysis.
Design of sampling explains how participants or units were picked.
In the work of ignou mcom using simple sampling methods is sufficient.
The most convenient method of sampling is convenience sampling. frequent method employed by students.
Example explanation.
The convenience sampling method was used to select respondents according to accessibility and availability.
This is the truth and has been it is accepted by IGNOU.
Random sampling may be mentioned in the case of random selection of respondents.
Example explanation.
Random sampling method was employed to make respondents available from the overall population.
Use this only if the pick is actually random.
The sample size should be acceptable and be manageable.
The common sample sizes used in IGNOU projects vary from 30 to 100 participants for surveys.
for financial reports, the size of the sample could refers to the number years or the size of companies.
Example explanation.
The sample size consists of 50 respondents from the selected organization.
Or
The study includes financial information from five consecutive years.
It should be consistent with your analysis section.
Period of study defines the time period for your research.
For topics on finance, make sure to mention your financial year clearly.
For survey areas, write down the period of the collection of data.
Example.
The period of study covers 3 months during which information was gathered and then analyzed.
This is a sign of planning and clarity.
Many ignou project submissions fall victim to errors that could be avoided.
Copying methodologies from the internet
using terms from the internet that are not understood without understanding
Uncertainty between objectives and the methodology
Making claims to primary information with no proof
Avoid these mistakes to improve the quality of your work.
IGNOU Evaluators search for.
Klarity
Logical flow
Relevance to topic
Sincere explanation
They do not want perfect research. They look for honest efforts.
A simple and well explained technique is more often rated higher than a copycat technical approach.
Make sure you read your goals before formulating your strategy. Each goal should be supported with a plan.
If objective is to analyze the financial performance of a company, make reference to those ratios.
If objective is to measure employee satisfaction, refer to questionnaire.
This alignment gives a strong impression.
Selecting the right research plan and data collection methodology does not require complexity. It's about a good fit. In a project like ignou mcom easy choices, clearly explained are most efficient.
Understand your topic. Don't lie about your data. Write in your own words. That alone can improve both scores and confidence.
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