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The choice of the appropriate research design as well as the best method to collect data is among the most ambiguous aspects that students must consider when working on their IGNOU project. Many students begin writing their ignou MCOM project without knowing what research they're actually carrying out. Because of this, the methodology section may appear weak, copied, or disconnected from the topic.
This article will focus on the process of selecting the appropriate research methodology and data collection methodology appropriate for IGNOU MCom projects. It describes concepts in a simple language, and then links them with practical examples so that students can use them effectively.
Research design acts like the blueprint of your study. It lays out the course of your project. If the research plan doesn't work, everything else that begins with data collection and analysis as well as conclusion becomes questionable.
IGNOU does not have complex or highly technical research models. What they want is alignment. The design should be a reflection of your objectives, topic, and accessibility of information.
Students often lose marks not due to the topic being bad and their design does not support the objectives that they've expressed in their work.
Research design specifies the type of research you're carrying out. It is the answer to three essential questions.
What is being study?
Why it is being looked at
What is being studied
In the work of the ignou mcom project, research design usually falls between the following groups.
A descriptive research model is among the most frequently utilized design used in IGNOU MCom projects. It is employed when the purpose is describe a specific situation, condition, or performance.
This design is suitable to be used in areas such as.
The satisfaction of employees
Customer perception
Evaluation of financial performance
Management of working capital
Training's impact on employees
In descriptive research researchers are unable to alter variables. It is all about taking note of and describing current facts.
Example explanation.
The study is based on a descriptive research design to analyze the present financial position of the selected company using relevant information.
This design is safe to use, well-accepted, and easy to prove in an ignou project for mcom.
Analytical research design is used in studies that go beyond description to try to determine patterns of performance or relationships.
This design is ideal when your project involves.
Analysis on ratio
Trend analysis
Analysis of comparative study between companies
Year wise financial evaluation
Many finance related ignou MCOM projects employ analytical design together with descriptive designs.
Example explanation.
The study uses an analytical research model to assess the financial performance of the business with the help of ratios and trend analysis.
This shows depth without sounding complicated.
Exploratory research design is employed in cases where the subject is unfamiliar or unclear. It's less frequently used for IGNOU MCom projects but may be used in areas such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory research methodology to investigate the awareness of employees about the most recent accounting practices.
Use this style only when you are exploring something unexplored.
For the best design You should ask yourself these questions.
Do I want to present an existing situation
Am I analyzing the performance or patterns
Am I trying to understand the possibility of a new idea
If your answer is description it is best to go with descriptive designs.
If it is based on numbers and comparison then add an analytical design.
If it has to do with understanding new ideas go for exploratory design.
In most ignou MCOM project submissions an analytical and descriptive design are more than enough.
After selecting the research method Next step is choosing how data will be collected. The method of data collection should complement the research plan.
IGNOU allows both primary and secondary data. What matters is honesty and transparency.
Primary data is information gathered at the point of collection by researchers for the first.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data is useful when your project involves opinions about behavior, perceptions, or.
Some examples of topics that would be suitable the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but they don't design them in a proper manner. IGNOU does not review the questionnaire to its fullest extent, however it should look relevant and logical.
Guidelines for questionnaire design.
Questions should be simple
Do not use technological language
Use close ended questions
Questions should be linked to objectives
Example description for methodology section.
Primary data was collected using an organized questionnaire that consisted of questions with a close-ended format that was designed according to the goals of the study.
Do not assert advanced survey methods if you did not use them.
Interviews are not as common however it can be useful for small sample studies. It works well for case studies and for qualitative topics.
Example explanation.
Primary data was gathered through personal conversations with selected employees to determine their viewpoints on the issue.
Use the interview method only if you have actually spoken to respondents.
Secondary data refers to information already stored by an individual. It is often used for the IGNOU MCOM project help [mixclassified.com] MCOM project work.
Secondary data sources include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Accounting and finance topics typically depend on secondary data.
Example explanation.
The study is based upon secondary data from company annual reports books, textbooks, journals in addition to official website.
Secondary data is totally acceptable if properly mentioned.
The majority of students think that primary data appears better. However, this is not always the case.
Use primary data only when.
Your topic involves opinions or behaviors
You have access to people
The size of the sample is enough to handle the topic
Make sure to use secondary data.
It is a financial or accounting-related.
There is data available with reports
and reports. Time is not unlimited.
IGNOU cannot penalize projects on the basis of secondary data. It is about proper analysis.
Sampling design describes how respondents or units were picked.
In the ignou project work easy sampling techniques are sufficient.
Convenience sampling is one of the most commonly used method by students.
Example explanation.
A convenience sampling approach was implemented in order to pick respondents based upon accessibility and availability.
This is the truth and has been acceptable by IGNOU.
Random sampling could be used in the event that respondents were randomly selected.
Example explanation.
Random sampling methods were used to identify respondents from the group.
Only use this if the selection was not random.
The sample size must be reasonable and be manageable.
Common sample sizes of IGNOU projects range from 30 to 100 people who take part in surveys.
Financial studies may require a sample size. the size of the sample may refer to number of years or the size of companies.
Example explanation.
The sample size consists of 50 participants from the selected organisation.
Or
The study covers financial data of five consecutive years.
You should keep this in line with your analysis section.
The duration of your study determines the duration of your research.
For financial topics, mention the financial years clearly.
For survey topics, specify the length of survey data collection.
Example.
The study period consists of three months in which data were collected and analysed.
This is a sign of planning and clarity.
Many ignou project submissions get ruined due to a few mistakes that can be avoided.
Copying the methodology of internet
Using terms that are more advanced without having a clear understanding
Discord between goals and the methodology
It is possible to claim primary data without evidence
Avoid these pitfalls to improve your project quality.
IGNOU evaluations are looking for.
Acuity
Clarity
relevance to the topic
Full explanation
They don't require flawless research. They expect sincere effort.
A clear and simple methodology often scores better than an undocumented and copied technique.
Make sure you read your goals before creating your methodology. Every goal must be backed by a methodology.
If your goal is to look at financial performance, highlight the ratios.
If objective is to study employee satisfaction, include a questionnaire.
This alignment makes a powerful impression.
Finding the best research design and data collection method should not concern complexity. It's about being able to use it. For an ignou MCOM project simple, clear and straightforward decisions make the best choice.
Be aware of your topic. Be sincere about your data. Write your thoughts in your own words. This alone can boost your marks and confidence.
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