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Deciding on the most appropriate research design and data collection strategy is one of the most ambiguous aspects that students must consider when working on their IGNOU project. A lot of students begin writing their IGNOU MCOM Project Writing mcom projects without being able to clearly define what research they actually are conducting. As a result, the methodology section may appear poor, duplicated, or a bit disconnected from the topic.
This article focuses only on the steps to select an appropriate research style and data collection methodology specifically for IGNOU MCom projects. The article explains concepts in a simple words and provides them to practical examples so that students are able to apply them quickly.
Research design functions as an outline of your research. It sets the direction for your project. If the research methodology is incorrect, everything that follows data collection, analysis, and conclusion becomes questionable.
IGNOU is not looking for complex or highly technical research models. What they expect is alignment. The design should be a reflection of your objectives, topic, and the availability of data.
Students lose marks often not just because their writing isn't up to scratch in the first place, but due to their design does not support the objectives they've written.
Research design specifies the type of study you're conducting. It is a response to three questions.
What is being examined
to determine why it's being looked at
What is being investigated
In ignou's project work research design generally falls within one of the categories below.
It is the most commonly utilized design used in IGNOU MCom projects. It is used for projects where the aim is to be able to describe a circumstance, condition or perform.
This design is appropriate for topics such as.
The satisfaction of employees
The perception of customers
Assessment of financial performance
Management of working capital
Impact of training on employees
In descriptive research The researcher is not allowed to alter variables. The main focus is the observation and description of existing facts.
Example explanation.
The study is based on a descriptive research design that analyzes the current financial situation of the company using relevant data.
This design is secure and accepted. It is also easy justification in an ignou MCOM project.
Analytical research methodology is used in studies that go beyond description to try to determine and compare performance trends.
This design is ideal if your work involves.
The ratio analysis
Ratio analysis
Comparative study among companies
Year-long financial evaluation
A variety of finance related ignou projects employ analytical design in conjunction with descriptive design.
Example explanation.
The study uses an analytical research design to evaluate the financial performance of the company by using ratios and trend analysis.
This shows depth, but without sounding complicated.
Exploratory research methodology is applied when the topic is fresh or has not been clearly defined. It isn't as prevalent for 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 model that seeks to discover the extent of employee awareness about current accounting practices.
Use this design only when your subject really explores something new.
To decide on the right design, ask yourself these questions.
Am I describing a present situation
Am I looking at performance or trends
Are I examining the possibility of a new idea
If the answer is "description or description, use descriptive design.
If it includes numbers or comparison then add an analytical design.
If it concentrates on gaining insight into new ideas explore design.
For the majority of ignou MCOM project submissions conceptual and analytical designs are more than enough.
Once the research design has been selected Following that, you must choosing the method by which data will be collected. Methods for collecting data should match the research design.
IGNOU permits primary as well as secondary data. What is important is honesty, and transparency.
Primary data is data collected at the point of collection by researchers for the first.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data is valuable for projects that require opinions and perceptions.
Examples of topics suitable for data that is primary.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students are using questionnaires but do not design them properly. IGNOU doesn't evaluate questions in depth, but the design should be logical and logical.
Guidelines for questionnaire design.
Be sure to keep questions simple
Do not use the use of technical terms
Use close ended questions
Questions should be linked to objectives
Example description for methodology section.
Primary data were collected with a structured questionnaire made up of closely-ended, standardized questions designed in accordance to the objectives of the study.
Don't claim advanced survey techniques if, in fact, you did not apply them.
Interview method isn't as popular however it can be useful for small sample studies. It's great for cases studies and qualitative topics.
Example explanation.
Primary data was collected by personal conversations with selected employees to find out their thoughts on the subject.
Use the interviewing technique only if you have had contact with respondents.
Secondary data is data already received by another. It is used extensively in the work of the ignou MCOM project.
Sources of secondary data include.
Statements of financial positions Books Research journals Company websites Government publications
Accounting and finance subjects mainly require secondary information.
Example explanation.
The research is based on secondary data taken from companies' annual reports books, textbooks, journals including official site websites.
Secondary information is perfectly acceptable provided that it is cited correctly.
Students tend to think that primary data has a better appearance. That is not always true.
Choose the primary information when.
Your topic may involve opinions or behavior
You are able to speak to people
Size of the sample is acceptable
Choose secondary data when.
The topic you choose is finance or accounting related.
Data is readily available as reports
Time is limited
IGNOU won't punish any of its projects based on secondary information. What matters is proper analysis.
Design of sampling explains how participants or units were picked.
In ignou mcom project work it is simple to use sampling methods enough.
The most convenient method of sampling is convenience sampling. frequently used method for students.
Example explanation.
Convenience sampling method was adopted to select respondents according to accessibility and availability.
This is realistic and was accepted by IGNOU.
Random sampling might be mentioned in the event that respondents were randomly selected.
Example explanation.
Random sampling was the method used to identify respondents from the group.
Use this only if selection occurred at random.
The sample size should be reasonable and easily manageable.
The typical sample sizes for IGNOU projects vary from 30 and 100 respondents in surveys.
To conduct financial analyses, sample size could be a reference to number of years or companies.
Example explanation.
The sample size is 50 people from the chosen company.
Or
The study covers financial data from five consecutive years.
This should be consistent with the analysis section.
Study time defines the period of time you will conduct your study.
In the case of financial topics, indicate the years of financial data clearly.
For survey issues, list the time of the data collection.
Example.
The period of study covers three months of time during which data were collected and analysed.
This shows organization and clarity.
A large number of submissions for projects to ignou result in errors that could have been avoided.
Copying methodology from the internet
Utilizing terms of the future without understanding
A mismatch between objectives and methodology
Representing primary information without evidence
Avoid these pitfalls to improve the quality of your project.
IGNOU evaluators look for.
Transparency
The flow of logic
Connection to the subject
Accurate explanation
They don't have the expectation of perfect research. They demand sincere efforts.
Simple and well-explained procedure is usually more successful than a duplicated technical method.
Always study your goals prior writing your approach. Every goal should be supported by a process.
If the purpose is to examine financial performance, refer to proportions.
If objective is to study employee satisfaction, include a questionnaire.
This alignment gives a strong impression.
The choice of the best research design and method for data collection cannot be a matter of complexity. It's about a good fit. In a project like ignou mcom straightforward choices clearly outlined are the best.
Understand your topic. Don't lie about your data. Write in your own words. The simple act of writing can help you improve your marks and confidence.
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