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Choosing the right research design as well as the best method to collect data is among the most complicated aspects for students working on an IGNOU project. Most students begin writing the ignou mcom proposal without fully understanding the kind of research they actually are conducting. In the end, the methodology section may appear uninspired, copied, or a bit disconnected from the topic.
This article will focus on the process of selecting the best research design and data collection methodology of IGNOU MCom projects. It provides concepts in a simple words and provides them by providing examples of how students can use them effectively.
Research design acts like a blueprint for your study. It sets the direction for your project. If the research concept doesn't work, everything else that will follow data collection and conclusion is questioned.
IGNOU doesn't expect complicated or highly technical research plans. What they look for is alignment. The design should align with your goals, objectives, topic, as well as availability of data.
Students often lose marks not just because their writing isn't up to scratch However, the style of their work does not reflect the objective they've written.
Research design is the way to describe the kind of study you're conducting. It will answer three important questions.
What is being studying?
the reason it is being researched
How it is being investigated
In ignou's mcom projects research design generally falls among the following classes.
The Descriptive Research Design is the most widely used design for IGNOU MCom projects. It is employed in cases where the purpose is to provide a description of a situation, state, or a particular performance.
This design can be used to be used in areas such as.
The satisfaction of employees
The perception of customers
Evaluation of financial performance
Working capital management
Effect of training on employees
In descriptive research researchers are not able to alter variables. The primary focus is observing and describing existing facts.
Example explanation.
The study is based on the method of descriptive research to examine the current financial situation of the company using relevant data.
This design is safe as well as accepted. It's also simple explain in an project for mcom.
Analytical research design is used in studies that go beyond description, and aims to study relations or performance trends.
This design will work if your project has.
Analyzing ratios
Comparison study
Comparative study conducted between companies
Financial year-to-year evaluation
Many finance related ignou mcom project topics use analytical design in conjunction with descriptive design.
Example explanation.
The study employs an analytical research design to examine the financial performance of the firm with the help of ratios and trend analysis.
This shows depth without sounding complex.
Exploratory research design is employed when the subject is unfamiliar or unclear. It isn't as prevalent when it comes to 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 the design of an exploratory study for understanding the public's awareness of recent accounting practices.
Use this design only if your subject really explores something that is not familiar to you.
To decide on the right design, ask yourself these questions.
Am I writing about an existing situation
Am I analyzing the performance or trend
Am I investigating a new concept
If your answer is a description that you want to convey, choose descriptive design.
If it includes numbers or comparison you can add analytical design.
If it concentrates on gaining insight into new ideas, choose exploratory design.
For the majority of ignou MCOM project submissions with descriptive and analytical designs are more than enough.
After deciding on the research design Following that, you must selecting the way in which data is collected. The data collection method must fit the research plan.
IGNOU Project Report for MCOM permits primary as well as secondary data. The most important thing is honesty and clarity.
Primary data is information gathered on the spot by the investigator for the initial time.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data can be helpful for projects that require opinions or perceptions.
Examples of topics suitable on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Most students fill out questionnaires but they don't design them in a proper manner. IGNOU does not review the questionnaire deeply, but it must appear relevant and rational.
Guidelines for questionnaire design.
Make questions easy to understand
Beware of tech-speak.
Use close ended questions
Incorporate questions into objectives
Example description for methodology section.
Primary data was collected through a structured questionnaire consisting of close ended questions designed according to the purposes that the investigation was aiming for.
Do not assert advanced survey techniques if they did not employ them.
The interview method is not very popular but it is effective for small-scale studies. It's great for cases study and qualitative research topics.
Example explanation.
Primary data was gathered via personal interviews with selected employees to understand their views regarding the matter.
Employ the interviewing method only if that you had actual interaction with respondents.
Secondary data is information that has been received by another. It is commonly used in the work of the project ignou mcom.
Data sources that are secondary include.
Yearly reports, financials Books Research journals Company websites Government publications
Finance and accounting subjects typically are dependent on secondary data.
Example explanation.
The study is based on secondary data from company annual reports in textbooks, journals, textbooks including official site websites.
Second-hand information is fine when properly referenced.
Students are often of the opinion that data from primary sources appears more attractive. It's not always so.
Choose the primary information when.
Your subject is a source of opinions or conduct
You have access to respondents
The size of the sample is manageable
Make sure to use secondary data.
The topic you choose is finance or accounting related.
There is data available from reports
It is time-bound
IGNOU doesn't penalize any projects based on secondary information. What is important is a proper analysis.
The sampling design explains why respondents or units were selected.
In ignou mcom project work it is simple to use sampling methods sufficient.
Convenience sampling is the most frequently used method for students.
Example explanation.
The method of convenience sampling was employed to select respondents according to availability and accessibility.
This is a factual and valid assumption that has been was accepted by IGNOU.
Random sampling could be used in the event that respondents were randomly selected.
Example explanation.
Random sampling was the method used to identify respondents from the group.
This only applies if the choice was really random.
The sample size should be reasonable and doable.
Standard sample sizes for IGNOU projects range from 30 and 100 respondents in surveys.
If you are studying financials, sample size could refers to the number years or even companies.
Example explanation.
The sample size consists of 50 respondents from the selected group.
Or
The study covers financial data for five consecutive years.
Be sure to keep this in line with your analysis section.
The length of study defines the time period for your research.
When discussing financial topics, you should mention the year of financial reporting clearly.
For survey subjects, indicate the length of the data collection.
Example.
The period of study covers three months during which data were gathered and analyzed.
This shows organization and clarity.
Many of the submissions to ignou's MCOM projects fall victim to errors that could be avoided.
Copying methodology from the internet
Utilizing terms of the future without understanding
the difference between the objectives and methods
Representing primary data without proof
Avoid these mistakes to improve your project quality.
IGNOU appraisers will look for.
Detachment
The flow of logic
Application to topic
An honest explanation
They don't expect flawless research. They expect sincere effort.
Simple and clearly explained technique usually scores higher than an undocumented and copied technique.
Be sure to read your objectives prior to writing your approach. Each goal should be supported by a strategy.
If the goal is to analyse the performance of financials, you should mention the ratios.
If objective is to measure employee satisfaction, provide a questionnaire.
This alignment makes a powerful impression.
The right research design and data collection technique cannot be a matter of complexity. It is about suitability. In an ignou MCOM project simple, clear and straightforward decisions can be the most effective.
Get to know your subject. Make sure you are honest with your information. Write your thoughts in your own words. This alone can boost your scores and confidence.
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