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The choice of the appropriate research design and data collection method is one of the most ambiguous aspects for students completing their IGNOU project. Many students begin their IGNOU mcom projects without having a clear understanding of the type of research they're actually undertaking. So, the methodology section may appear weak, rewritten, or a bit disconnected from the topic.
This article concentrates on the best way to choose an appropriate research strategy and data collection methodology with respect to IGNOU Project Report for MCOM MCom projects. The article explains concepts in a simple way and connects them by providing examples of how students are able to apply them quickly.
Research design functions as an outline for your study. It lays out the course of your project. If the research plan is not correct, everything that includes data collection, analysis and conclusion is questioned.
IGNOU does not believe in complex or high-tech research designs. They are looking for alignment. The design should align with your goals, subject, and data availability.
Students lose marks often not for the reason that their subject is bad However, the style of their work doesn't match the goals they have written.
Research design provides the details of what kind of research you're carrying out. It will answer three important questions.
What is being studying?
to determine why it's being investigated
What is being studied
In ignou's MCOM project work research design typically falls into the one of those categories.
The Descriptive Research Design is the most widely utilized design in IGNOU MCom projects. It is utilized when the purpose is to describe a situation, condition, or a particular performance.
This design is suitable for subjects such as.
Employee satisfaction
Affects the perception of customer
Analyzing financial performance
Management of working capital
Training's impact on employees
In descriptive research researchers don't manipulate variables. The focus is only on observing and describing existing facts.
Example explanation.
The study is based on an approach to descriptive research that aims in order to analyse the financial situation of the company using relevant information.
This design is secure to use, well-accepted, and easy explain in an ignou project for mcom.
Analytical research is a method of study when a study goes above description and tries to analyze and compare performance trends.
This design is suitable if the project you are working on includes.
Analysis of ratios
Analyse of trend
Comparative study between companies
year-long financial evaluation
A lot of finance-related ignou mcom topics are based on analytical design as well as descriptive design.
Example explanation.
The study adopts an analytical research design to examine the financial performance of a company using trend analysis and ratios.
This shows depth, but without sounding complicated.
Research design that is exploratory is often used when the topic is new or not clearly defined. This is less prevalent with IGNOU MCom projects but may be used in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory approach to assess the level of awareness among employees regarding recent accounting practices.
Use this design only when you are exploring something new.
To decide on the right design to choose the right design, you must ask these questions.
Are I describing an existing situation
Do I analyze either performance or trends
Do I want to explore some new concepts
If the answer is "description it is best to go with descriptive designs.
If it involves numbers and comparison the design should be analytical.
If it is about understanding new ideas take a look at exploratory design.
For most ignou project submissions an analytical and descriptive design are more than adequate.
When the research concept is chosen Following that, you must to decide how data should be collected. The method of data collection should complement your research design.
IGNOU permits primary as well as secondary data. What matters is honesty and transparency.
Primary data is information gathered directly by the researcher for the first time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data are useful when your project involves opinions behaviour, perceptions.
Topics that could be appropriate in primary research.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students employ questionnaires and do not design them properly. IGNOU does not examine the questionnaire to its fullest extent, however it ought to be relevant and logical.
Guidelines for questionnaire design.
Answers should be straightforward
Beware of technological language
Use closed ended questions
Connect questions to objectives
Example description for methodology section.
The primary data was collected by using a structured questionnaire made up of closed-ended questions that were designed according to the purpose in the analysis.
Do not assert advanced survey techniques if you did not use them.
Interviews aren't very common but useful for small sample studies. It's useful for case studies and for qualitative topics.
Example explanation.
The primary data was collected via personal conversations with selected employees to get their opinions on the matter.
Employ the interviewing method only if you actually interacted with respondents.
Secondary data refers to data already stored by an individual. It is often used for ignou mcom project work.
Sources of secondary data include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Finance and accounting subjects typically are dependent on secondary data.
Example explanation.
The study is based upon secondary data gathered from companies' annual reports and textbooks, journals, also official portals.
Secondary data is entirely acceptable when properly referenced.
Students tend to think that primary data appears superior. However, this is not always the case.
Select primary data whenever possible.
Your topic involves opinions, or the way of life.
You are able to speak to the people who are responding
Sample size is enough to handle the topic
Make sure to use secondary data.
Your subject is financial or accounting related.
Data is available as reports
Limitations on time
IGNOU cannot penalize projects on the basis of secondary information. All that matters is accurate analysis.
Design of sampling explains how participants or units were chosen.
In the case of ignou's mcom project simply sampling techniques are enough.
Convenience sampling is the most frequently utilized method for students.
Example explanation.
The convenience sampling technique was utilized to select respondents according to accessibility and availability.
This is real and has been acknowledged by IGNOU.
Random sampling can be described when respondents were randomly selected.
Example explanation.
Random sampling was the method used to select respondents from the crowd.
Make sure to use this only in the event that the selection was not random.
The sample size should be acceptable and feasible.
Common sample sizes in IGNOU projects range from 30 to 100 participants for surveys.
As for studies on financials sample size could refer to the number years or companies.
Example explanation.
The sample size is 50 respondents from the selected company.
Or
The study covers financial data of five consecutive years.
Keep this consistent with your analysis section.
The study period defines the timeframe of your study.
For financial topics, write down the year of financial reporting clearly.
For survey topics, include the time of collecting data.
Example.
The study spans three months of time during which data was gathered and then analyzed.
This is a sign of planning and clarity.
Many ignou mcom project submissions are ruined by mistakes that could have been avoided.
Copying methodology from internet
using terms from the internet that are not understood without having a clear understanding
The objectives are not compatible and the methodology
Claiming primary data with no evidence
Avoid these mistakes to improve the quality of your work.
IGNOU evaluaters look for.
Detachment
Clarity
Connects to the topic
Transparent explanation
They do not want perfect research. They demand sincere efforts.
Simple and clearly explained technique usually scores higher over a rewritten technical model.
Make sure you read your goals before writing your methodology. Each objective must be backed with a method.
If the aim is to analyze the financial performance of an organization, be sure to mention ratios.
If objective is to evaluate the satisfaction of employees, reference questionnaire.
This alignment creates a strong impression.
Selecting the right research plan and method for data collection cannot be a matter of complexity. It's about being able to use it. In a project like ignou mcom Simple choices that are clearly explained is the ideal way to go.
Find out the topic you are discussing. Be truthful about the information you provide. Write your thoughts in your own words. The simple act of writing can help you improve your marks and confidence.
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