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Picking the appropriate research style and data collection strategy is one of the most confusing aspects for students who have to complete their IGNOU project. Many students start writing their ignou mcom project without knowing what research they're actually undertaking. Thus, the methodology section appears uninspired, copied, or disconnected from the topic.
The article focuses solely on the steps to select the most appropriate research design and data collection methodology appropriate for IGNOU MCom projects. It explains concepts in an easy way and connects them by providing examples of how students can quickly apply them.
Research design is a blueprint for your study. It sets the direction for your project. If the design of your research does not meet the criteria, everything that will follow data collection and conclusion is in doubt.
IGNOU does not anticipate complex or extremely technical research designs. What they want is alignment. Your design should be in line with your objectives, topic, and access to data.
Many students get a grade not just because their content isn't good but rather because their design isn't in line with the goal they've written.
Research design describes the type of research you're carrying out. It is the answer to three essential questions.
What is being studied
why it is being researched
How it is being studied
In ignou's mcom projects, research design usually falls into one of the following categories.
A descriptive research model is the most widely used design in IGNOU MCom projects. It is employed when the objective is to describe a situation, condition or perform.
This design is suitable to be used in areas such as.
Employee satisfaction
Perception of the customer
Assessment of financial performance
Working capital management
Impact of training on employees
In descriptive research The researcher is not allowed to alter variables. The emphasis is on the observation and description of existing facts.
Example explanation.
The study employs an analytical research plan that analyzes the current financial situation of the firm using pertinent data.
This design is safe and is easy justification in an ignou MCOM project.
Analytical research methods are employed when the study goes far beyond descriptions and attempts to investigate connections or trends in performance.
This design is ideal when your project includes.
Ratio Analysis
Tend analysis
Comparative study among companies
Financial year-to-year evaluation
A variety of finance related ignou project areas employ analytical design along with descriptive design.
Example explanation.
The study follows an analytical research design to examine the financial performance of the firm by analyzing trends and ratios.
This indicates depth without sounding complicated.
Exploratory research methodology is applied when the topic is new or not clearly defined. It's less popular within IGNOU MCom projects but may be used in fields like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory research plan in order to examine the knowledge of employees about current accounting practices.
Use this style only when your topic genuinely explores something new.
When choosing the right style You should ask yourself these questions.
Are I describing a current situation
Am I analyzing developments or performance
Are I examining some new ideas
If your answer is a description, go with descriptive design.
If it is based on numbers and comparison then add an analytical design.
If it concentrates on gaining insight into new ideas opt for an exploratory style.
For the vast majority of ignou mcom project submissions, descriptive and analytical designs are more than sufficient.
Once research design is selected Next step is deciding on the manner in which data will be taken. The data collection method must fit your research concept.
IGNOU permits primary as well as secondary data. What is important is honesty, and transparency.
Primary data is information gathered through direct contact with the researcher, for the first.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data is important when you are working on projects that require opinions or beliefs, or even behavior.
Topics that are suitable with primary statistics.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students make use of questionnaires, but they don't design them in a proper manner. IGNOU does not analyze the questionnaire with a thoroughness, but it should be designed to look appropriate and rational.
Guidelines for questionnaire design.
Be sure to keep questions simple
Do not use the use of technical terms
Use close ended questions
Answers to questions should correspond with goals
Example description for methodology section.
Primary data were collected with the structured questionnaire, which consists of close-ended questions that were developed according to the goals of the study.
Do not claim advanced techniques for surveying if you did not employ them.
Interviews are not as common however it can be useful for small sample studies. It works well for case study and qualitative research topics.
Example explanation.
The initial data collection was done through individual interviews with employees to understand their views about the subject.
Use the interview method only if you have had contact with respondents.
Secondary data refers to data already acquired by a third party. It is frequently used in the work of the project ignou mcom.
Sources of secondary information include.
The annual report Financial statement Books Research journals Company websites Government publications
Accounting and finance subjects mainly are dependent on secondary data.
Example explanation.
The research is based on secondary data obtained from company annual reports as well as textbooks, journals and official websites.
Secondary data is entirely acceptable if properly mentioned.
Students are often of the opinion that data from primary sources appears better. But that is not always the truth.
Choose primary data when.
Your topic involves opinions, or behaviors
You are able to speak to those who have an opinion
The size of the sample is feasible
Choose secondary data when.
Your subject is finance or accounting based.
This information is available through reports
The time limit is set
IGNOU will not punish projects on the basis of secondary information. What matters is proper analysis.
This design describes how the respondents or units were selected.
In the project IGNOU MCOM project submission guide - https://www.89u89.com/ - mcom work easy sampling techniques are enough.
Convenience sampling is among the most frequently used method for students.
Example explanation.
Convenience sampling method was adopted to select respondents based on availability and accessibility.
It is also approved by IGNOU.
Random sampling is a possibility on the basis that respondents were selected randomly.
Example explanation.
Random sampling was employed to select respondents from the population.
Only apply this method if your selection occurred at random.
The sample size must be reasonable and controllable.
The typical sample sizes for IGNOU projects range from 30 to 100 respondents for surveys.
As for studies on financials the size of the sample could refer to the number years or businesses.
Example explanation.
The sample size consists of 50 participants from the selected organisation.
Or
The study covers financial data for five consecutive years.
Be sure to keep this in line with your analysis section.
The time period of study is the time period for your research.
For topics on finance, make sure to mention your financial year clearly.
For survey issues, list the time of the data collection.
Example.
The study spans three months, during which data was gathered and then analyzed.
This shows planning and clarity.
Many ignou mcom project proposals are ruined by mistakes that could have been avoided.
Copying methodology from internet
Using terms that are more advanced without having a clear understanding
Uncertainty between objectives and methodologies
Claiming primary data without proof
Avoid these mistakes to improve the quality of your work.
IGNOU Evaluators search for.
Acuity
Clarity
Importance to the subject
Affirmative explanation
They don't expect flawless research. They expect sincere effort.
A clear and simple procedure is usually more successful than a copycat technical approach.
Always read your objectives before formulating your strategy. Each goal should be supported with a method.
If the aim is to analyze financial performance, mention percentiles.
If objective is to evaluate employee satisfaction, provide a questionnaire.
This alignment makes a powerful impression.
The selection of the ideal research design and data collection methodology has nothing to do with complexity. It's all about the right fit. In an ignou MCOM project easy choices, clearly explained make the best choice.
Be aware of the subject. Be truthful about the information you provide. Write your thoughts in your own words. This alone can boost your marks and confidence.
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