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Choosing the right research design as well as the best method to collect data is one of the most ambiguous aspects that students must consider when working on their IGNOU project. Many students begin their ignou-mcom project with no clearly understanding what kind of research they're actually carrying out. Thus, the methodology section looks thin, sloppy, or a bit disconnected from the topic.
This article is primarily focused on how to select the most appropriate research design and method of data collection specifically for IGNOU MCom projects. It describes concepts in a simple language and links them directly with practical examples so that students are able to apply them quickly.
Research design functions as a blueprint for your study. It is the basis for your research project. If the research strategy does not meet the criteria, everything that is based on data collection, analysis and conclusion is in doubt.
IGNOU is not looking for complex or high-tech research designs. What they do expect is alignment. The design must be consistent with your goals, objectives, topic, as well as information availability.
Many students get a grade not simply because their topic is not good in the first place, but due to their design doesn't align with the purpose they have written.
Research design defines the kind of study you are conducting. It can answer three main questions.
What is being studied
The reason why it is being examined
How it is being researched
In the work of the ignou mcom project research design typically falls in one or more of these categories.
In general, descriptive research designs are one of the most commonly used design for IGNOU MCOM IGNOU solved project projects. It is utilized when the purpose is to explain a particular situation, condition or a particular performance.
This design is ideal for subjects such as.
Employee satisfaction
Personal perceptions of customers
Evaluation of financial performance
Management of working capital
Impact of training on employees
In descriptive research researchers are not able to alter variables. The focus is on being observant and describing facts.
Example explanation.
The study follows the method of descriptive research that analyzes the current financial position of the selected business using relevant data.
This design is safe as well as accepted. It's also simple to defend in an project for mcom.
Analytical research is utilized to study situations that go beyond description and attempts to analyse relationships or performance trends.
This design is appropriate if your work involves.
Ratio analysis
Ratio analysis
Comparative study among companies
Year wise financial evaluation
Many finance related ignou mcom topics for projects utilize analytical design as well as descriptive design.
Example explanation.
The study adopts an analytical research methodology to analyze the financial performance of the firm by way of trend and ratio analysis.
This shows depth but isn't complicated.
Exploratory research design is employed in cases where the subject is new or not clearly defined. It's less frequently used with IGNOU MCom projects but may be employed in fields such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory research approach that seeks to discover the extent of employee awareness about current accounting practices.
Use this design only when your subject truly explores something that is not familiar to you.
To choose the correct design Ask yourself these questions.
Do I need to describe an existing situation
Do I examine the performance or trend
Am I exploring some new concepts
If your answer is descriptive that you want to convey, choose descriptive design.
If it involves numbers and comparison, add analytical design.
If it is focused on understanding new ideas, choose exploratory design.
For most ignou mcom submissions, descriptive and analytical designs will suffice.
When the research concept is chosen then the next stage is selecting the way in which data is collected. The method for collecting data must be compatible with your research idea.
IGNOU accepts primary and secondary data. What is important is honesty and transparency.
Primary data is information gathered straight by the researcher in their first attempt.
Common primary data tools include.
Questionnaire
Interview
Observation
Primarily-sourced data is helpful in projects that involve opinions of perceptions, behavior, or other thoughts.
Some examples of topics that would be suitable when it comes to primary 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 examine questions in depth, but it must appear relevant and logical.
Guidelines for questionnaire design.
Be sure to keep questions simple
Avoid any technical words
Use short-ended questions
Be sure to link questions with goals
Example description for methodology section.
The primary data was collected by using the structured questionnaire, which consists of open-ended questions, designed according to the objectives from the study.
Do not use advanced survey methods if you did not employ them.
Interview method is less common but it can be effective for small sample studies. It works well for case research and qualitative topics.
Example explanation.
Primarily, data was collected through personal interviews with selected employees in order to gain insight into their opinions about the matter.
Utilize the interview technique only if you actually interacted with respondents.
Secondary data is information that has been that was collected by a different person. It is often used for the ignou mcom project.
Secondary data sources include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Finance and accounting issues largely require secondary information.
Example explanation.
The study relies on secondary data taken from companies' annual reports publications, textbooks and journals in addition to official website.
Secondary data is totally acceptable if properly mentioned.
People often believe that primary information appears prettier. This is not always true.
Select the primary data source when.
Your topic involves opinions or conduct
You have access to participants
Sample size is feasible
Make sure to use secondary data.
The topic you choose is finance or accounting-related.
Data is readily available within reports
Limitations on time
IGNOU doesn't penalize any projects based on secondary information. It is about proper analysis.
A sampling method explains how the participants or units were picked.
In ignou's MCOM project work easy sampling techniques are enough.
Convenience sampling is the most popular method used by students.
Example explanation.
The method of convenience sampling was employed in order to pick respondents based upon availability and accessibility.
This is accurate and acceptable by IGNOU.
Random sampling could be used when respondents were chosen randomly.
Example explanation.
Random sampling technique was employed to make respondents available from the overall population.
Make sure to use this only in the event that the selection was actually random.
Sample size should be reasonable and be manageable.
Common sample sizes of IGNOU projects range between 30 to 100 people who take part in surveys.
for financial reports, the size of the sample can refer to the number of years or businesses.
Example explanation.
The sample size is 50 participants from the chosen company.
Or
The study includes financial information for five consecutive years.
Follow this with respect to your analysis section.
The study period defines the length of your study.
When discussing financial topics, you should mention your financial year clearly.
For survey issues, list the time of data collection.
Example.
The period of study covers three months of time during which data were collected and analysed.
This is a sign of planning and clarity.
Many submissions to projects submitted by ignou fall victim to errors that could be avoided.
Copying methodology and methods from internet
using terms from the internet that are not understood without knowing
Inconsistency between objectives and the methodology
Claiming primary information with no proof
Avoid these errors to improve your project quality.
IGNOU evaluators look for.
Klarity
Clarity
Application to the subject
Sincere explanation
They don't expect flawless research. They expect genuine effort.
A simple and well explained approach is often better over a rewritten technical model.
Always study your goals prior making your writing strategy. Each goal should be supported with a plan.
If objective is to analyze financial performance, refer to percentages.
If objective involves analyzing employee satisfaction, provide a questionnaire.
This alignment makes a powerful impression.
Selecting the right research plan and data collection methodology can be done without worrying about complexity. It's about being able to use it. In an ignou project simple, clear and straightforward decisions are the best.
Be aware of your topic. Be honest about your data. Write in your own language. The simple act of writing can help you improve your marks and confidence.
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