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IGNOU MCOM Solved Assignment 2023 Master\u2019s In commerce download PDF - IGNOU Solved Assignment


Choosing the correct research design and data collection methodology is among the most difficult aspects of the IGNOU project. A lot of students write their ignou-mcom project with no really knowing what research they are actually doing. This is why the methodology section is weak, copied or out of touch with the topic.

IGNOU MCom Assignment 2023-24 - IGNOU Assignment Wala


This article concentrates on the steps to select the most appropriate research design and data collection technique with respect to IGNOU MCom projects. It provides concepts in a simple way and connects them to practical examples so that students can implement them easily.



Why Research Design Matters in IGNOU Projects



Research design acts like a plan for your study. It is the basis for your research project. If the research methodology is flawed, everything that will follow data collection the conclusion, and analysis becomes suspect.



IGNOU does not require complex or highly technical research design. What they do expect is alignment. The design should match your goals, topics, and accessibility of information.



Many students do not lose marks for the reason that their subject is bad However, the style of their work isn't compatible with the objectives they've stated in their essay.



Understanding Research Design in Simple Terms



Research design defines the kind of research you're conducting. It is the answer to three essential questions.



What is being studied
Why it is being examined
What is being investigated



In ignou's mcom projects research design is usually categorized under one of the following types.



Descriptive Research Design



It is the most frequently employed design in IGNOU MCom projects. It is employed in cases where the purpose is to describe a specific situation, condition or performance.



This design is suitable for subjects like.



The satisfaction of employees
Personal perceptions of customers
Analysis of financial performance
Management of working capital
Training's impact on employees



In descriptive research it is not possible to alter variables. It is all about the observation and description of existing facts.



Example explanation.



The study follows an outline research method in order to analyse the financial position of the selected business using relevant data.



This design is safe to use, well-accepted, and easy use in a ignou mcom project.



Analytical Research Design



Analytical research methods are employed when the study goes far beyond description and attempts to analyse relationships or performance trends.



This design is suitable when the project you are working on includes.



Ratio analysis
Analysis of trends
Comparative study of companies
Year wise financial evaluation



Many finance related ignou MCOM topics for projects utilize analytical design along with descriptive designs.



Example explanation.



The study adopts an analytical research style to assess financial performance of a company by way of trend and ratio analysis.



This indicates depth without sounding complex.



Exploratory Research Design



The exploratory research method is utilized in cases where the subject is unfamiliar or unclear. This is less prevalent within 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 design to study the employee's perception of new accounting practices.



Make use of this design only when you are exploring something unexplored.



Choosing the Right Research Design for Your Topic



To select the right design consider these questions.



Are I describing a current situation
Do I look at the performance or trends
Am I trying to understand the possibility of a new idea



If your answer is descriptive then go for descriptive design.
If it includes numbers or comparison and analysis, you should add an analytical design.
If it is about understanding new ideas take a look at exploratory design.



For the majority of ignou MCOM project submissions Analytic and descriptive designs are more than enough.



Understanding Data Collection Methods



When the research concept is chosen The next step is making a decision on how data will be taken. Data collection methods should align with your research concept.



IGNOU accepts primary and secondary data. What matters is honesty and transparency.



Primary Data Collection Method



Primary data are data that is collected through direct contact with the researcher, for the first.



The most commonly used data tools are.



Questionnaire
Interview
Observation



Primary data is important for projects that require opinions or beliefs, or even behavior.



Topics that could be appropriate when it comes to primary data.



Employee satisfaction
Customer service quality
Investor perception
Training effectiveness



Designing a Questionnaire for IGNOU Project



Many students employ questionnaires and aren't able to design them properly. IGNOU does not look at the questionnaire thoroughly, but the design should be logical and rational.



Guidelines for questionnaire design.



Make questions easy to understand
Avoid using technical terminology
Use close ended questions
Links questions to goals



Example description for methodology section.



Primary data was obtained using a structured questionnaire consisting of short-ended questions formulated according to the purpose used in this research.



Do not use advanced survey methods if you did not apply them.



Interview Method in IGNOU Projects



Interviews are not as common however it can be useful for small sample studies. It's great for cases research and qualitative topics.



Example explanation.



The primary data was collected via personal interviews with selected employees to get their opinions about the matter.



Only use the interview method if you have actually spoken to respondents.



Secondary Data Collection Method



Secondary data refers to data already that was collected by a different person. It is widely used in the ignou mcom project.



Data sources that are secondary include.



Annual reports Financial statements Books Research journals Company websites Government publications



Finance and accounting topics mostly are dependent on secondary data.



Example explanation.



The study relies on secondary data gathered from companies' annual reports journal articles, textbooks including official site websites.



Secondary information is perfectly acceptable if properly mentioned.



Choosing Between Primary and Secondary Data



Many students believe that primary data has a better appearance. That is not always true.



Use primary data only when.



The topic you are discussing involves opinions or behavior
You have access to a variety of respondents
Sample size is reasonable



Choose secondary data when.



The topic you choose is finance or accounting based
The data is available as reports
This time is short



IGNOU MCOM Project Help Online won't punish any of its projects based on secondary information. What matters is proper analysis.



Sampling Design in IGNOU Projects



Sampling design describes how respondents or units were chosen.



For projects like ignou's mcom using simple sampling methods is enough.



Convenience Sampling



Convenience sampling is the most widely used method among students.



Example explanation.



Convenience sampling is a method to select participants based on availability and accessibility.



This is realistic and was accepted by IGNOU.



Random Sampling



Random sampling could be used in cases where respondents were picked randomly.



Example explanation.



The random sampling method was used to draw respondents from a population.



Use this only if the pick occurred at random.



Sample Size Selection



Size of the sample should be appropriate and manageable.



The common sample sizes used in IGNOU projects range between 30 and 100 respondents in surveys.



In financial research, sample size may refer to the number years or the size of companies.



Example explanation.



The sample size is 50 respondents from the chosen organisation.



Or



The study includes financial information from five consecutive years.



Be sure to keep this in line with your analysis section.



Period of Study and Its Importance



Study period is the time period for your study.



When discussing financial topics, you should mention the year of financial reporting clearly.
For survey topics, specify the length of data collection.



Example.



The study period consists of three months in which data was gathered and then analyzed.



This is a sign of planning and clarity.



Common Mistakes Students Make



Many ignou mcom project submissions result in errors that could have been avoided.



Copying methodologies from the internet
Utilizing terms of the future without having a clear understanding
Missing the point between objectives and methodologies
Making claims to primary data, but without any evidence



Avoid these pitfalls to improve the quality of your work.



How Evaluators Read Your Methodology



IGNOU Evaluations seek.



Detachment
Clarity
Contextual relevance the topic
Full explanation



They don't require flawless research. They require sincere effort.



Simple and well-explained method is often more effective than a duplicated technical method.



Practical Tip for Better Marks



Always read your objectives before writing methodology. Every goal must be backed by a strategy.



If your goal is to look at financial performance, list percentages.
If objective is to analyze the satisfaction of employees, reference questionnaire.



This alignment creates a strong impression.



Final Thoughts



Finding the best research design and data collection technique doesn't mean complexity. It's about the appropriateness. In an ignou MCOM project straightforward choices clearly outlined work best.



Understand your topic. Don't lie about your data. Write your thoughts in your own words. The simple act of writing can help you improve your marks and confidence.

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