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Picking the appropriate research style as well as the best method to collect data is among the most difficult tasks of students working on their IGNOU project. Many students begin their ignou project without completely understanding the nature of research they're actually carrying out. So, your methodology section will appear weak, copied, or disconnected from the main topic.
This article is primarily focused on how to select the best research design and data collection technique with respect to IGNOU MCOM project help, dailyplaza.co.kr, MCom projects. It will explain concepts in a straightforward language, and then links them with practical examples so that students are able apply them effortlessly.
Research design acts like an outline for your study. It sets the direction for your project. If the research strategy is wrong, then everything that includes data collection, analysis as well as conclusion becomes questionable.
IGNOU does not anticipate complex or highly technical research designs. What they look for is alignment. The design should align with your goals, subject, and availability of data.
Many students lose marks not simply because their topic is not good however, their style doesn't match the goals they've set for themselves.
Research design specifies the type of study you're conducting. It answers three major questions.
What is being considered
the reason it is being looked at
What is being investigated
In ignou's project work research design typically falls under one of the following types.
Descriptive research design is among the most frequently used design in IGNOU MCom projects. It is utilized when the purpose is describe a situation, condition, or performance.
This design can be used to be used in areas such as.
The satisfaction of employees
Experience of the customers
Financial performance analysis
Management of working capital
Training's impact on employees
In descriptive research researchers are not able to manipulate variables. The focus is on taking note of and describing current facts.
Example explanation.
The study is based on a descriptive research design to assess the current financial position of the selected business based on pertinent information.
This design is secure and is easy to justify in an ignou mcom project.
Analytical research design is employed when the research goes beyond description and seeks to understand the relationships between performance trends or patterns.
This design is suitable when your project has.
The ratio analysis
Analyse of trend
Comparative analysis between companies
year-long financial evaluation
A lot of finance-related ignou mcom projects employ analytical design as well as descriptive design.
Example explanation.
The study uses an analytical research style to assess financial performance of the company by analyzing trends and ratios.
This indicates depth without sounding complex.
The exploratory research method is utilized in cases where the subject is in its initial stages or not well defined. It's less frequently used with IGNOU MCom projects but may use in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory research plan for understanding the public's awareness of current accounting practices.
Use this design only when your subject area is really exploring something new.
To choose the correct design take a look at these issues.
Am I describing a present situation
Are I analyzing the performance or trend
Are I researching a new concept
If your answer is a description then go for descriptive design.
If it is based on numbers and comparison, add analytical design.
If it relies on understanding and interpreting new ideas explore design.
For most ignou mcom project submissions that are descriptive and analytical, these designs are more than sufficient.
When you have chosen the research plan Following that, you must deciding on the manner in which data will be taken. Methods for collecting data should match your research proposal.
IGNOU allows both primary and secondary data. The most important thing is honesty and clarity.
Primary data are data that is collected through direct contact with the researcher, for the first.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data is important in projects that involve opinions as well as perceptions and behavior.
Some examples of topics that would be suitable on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students utilize questionnaires but fail to design them correctly. IGNOU does not analyze the questionnaire, however it must appear relevant and logical.
Guidelines for questionnaire design.
Be sure to keep questions simple
Beware of tech-speak.
Use close ended questions
Answers to questions should correspond with objectives
Example description for methodology section.
Primary data was collected through an organized questionnaire made up of closed-ended questions that were designed according to the objectives of the study.
Do not assert advanced survey methods if you do not apply them.
Interview method isn't as popular but can be helpful for small-sample studies. It's useful for case studies as well as qualitative subjects.
Example explanation.
Primary data was collected through personal conversations with selected employees in order to gain insight into their opinions about the matter.
Use the interviewing technique only if you have had contact with respondents.
Secondary data is data already acquired by a third party. This is a common practice in the ignou project mcom work.
Data sources that are secondary include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Finance and accounting topics mostly depend on secondary data.
Example explanation.
The study is based on secondary data from company annual reports as well as textbooks, journals along with official web sites.
Second-hand information is fine when properly referenced.
Most students believe that primary data appears prettier. This isn't always the case.
Choose the primary source of data.
Your topic is about opinions or behaviour
You are able to speak to the people who are responding
Size of the sample is controlled
Use secondary data only when.
The subject you are discussing is financial or accounting-related.
Information is available with reports
There is a time limit
IGNOU does not penalize projects based on secondary data. What matters is the correct analysis.
A sampling method explains how the participants or units were chosen.
In ignou's MCOM project work the simple sampling method is sufficient.
Convenience sampling is among the most commonly used method by students.
Example explanation.
The method of convenience sampling was employed to choose respondents based on availability and accessibility.
This is true and is it is accepted by IGNOU.
Random sampling is a possibility in the case of random selection of respondents.
Example explanation.
Random sampling was the method employed to select respondents from the crowd.
Use this only in cases where the selection was really random.
Sample size should be considered reasonable and easy to manage.
Common sample sizes in IGNOU projects vary from 30 to 100 participants for surveys.
To conduct financial analyses, the size of the sample could refers to the number years or companies.
Example explanation.
The sample size consists of 50 participants from the selected organisation.
Or
The study covers financial data from five consecutive years.
Keep this consistent with your analysis section.
Study period is the length of your study.
For financial topics, list the financial years clearly.
For survey subjects, indicate the length of the data collection.
Example.
The period of study covers three months of time during which data were collected and analysed.
This shows planning and clarity.
A lot of ignou MCOM project submissions fall foul of mistakes that could easily be avoided.
Copying the methodology of internet
Utilizing terms of the future without having a clear understanding
A mismatch between objectives and methodologies
It is possible to claim primary data in the absence of evidence
Avoid these errors to improve the quality of your project.
IGNOU Evaluations seek.
Acuity
Clarity
Relevance to the subject
Truthful explanation
They do not expect perfect research. They expect sincere effort.
A straightforward and easily explained technique is more often rated higher than a copied and technical one.
Always review your goals prior to creating your methodology. Every objective should be supported by a strategy.
If the objective is to evaluate the financial performance of an organization, be sure to mention those ratios.
If objective involves analyzing employee satisfaction, provide a questionnaire.
This alignment gives a strong impression.
The right research design and method for data collection doesn't mean complexity. It's about being able to use it. In an ignou mcom project simple and clear choices is the ideal way to go.
Be aware of the subject. Make sure you are honest with your information. Write your thoughts in your own words. It can boost both marks and confidence.
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