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Choosing the right research design and method for data collection is one of the most complicated aspects for students working on an IGNOU project. A lot of students begin writing their ignou mcom assignment without realizing what research they're actually undertaking. Thus, it appears as if the methodology is inadequate, copied, or out of sync with the subject.
This article will focus on the process of selecting the right research design and method of data collection appropriate for IGNOU MCom projects. It will explain concepts in a straightforward terminology and ties them with concrete examples so that students are able apply them effortlessly.
Research design functions as a blueprint for your study. It defines the direction of your project. If the research design is incorrect, everything that is based on data collection, analysis and conclusion may be in question.
IGNOU does not anticipate complex and highly technical research concepts. What they require is alignment. Your design should correspond to your goals, subject, and information availability.
Many students lose marks not because their topic is bad and their design isn't compatible with the objectives they've outlined in their essays.
Research design is the way to describe the kind of research you're conducting. It is a response to three questions.
What is being examined
why it is being researched
How it is being researched
In the case of ignou MCOM project work research design is usually categorized into one of the following categories.
A descriptive research model is the most commonly used design in IGNOU MCom projects. It is used when the purpose is to describe a situation, condition, or performance.
This design can be used to be used in areas such as.
The satisfaction of employees
Experience of the customers
Assessment of financial performance
Management of working capital
The impact of training on employees
In descriptive research the researcher doesn't manipulate variables. The focus is on noting and describing existing facts.
Example explanation.
The study employs an approach to descriptive research that aims that analyzes the current financial position of the selected company based upon relevant data.
This design is secure to use, well-accepted, and easy explain in an mcom project.
Analytical research is utilized when the research goes beyond description and seeks to understand connections or trends in performance.
This design is appropriate when your project involves.
Ratio analysis
Research on trends
Comparative study among companies
Year wise financial evaluation
Many finance related ignou mcom topics are based on analytical design alongside descriptive design.
Example explanation.
The study uses an analytical research style to assess financial performance of the company through ratio and trend analysis.
This indicates depth without sounding complex.
Exploratory research methodology is applied when the topic is fresh or has not been clearly defined. It isn't as prevalent with 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 follows an exploratory design of research to investigate the awareness of employees about the most recent accounting practices.
Use this design only if your topic is really exploring something unexplored.
To pick the appropriate design to choose the right design, you must ask these questions.
Do I describe an existing situation
Do I look at the performance or trends
Am I exploring a new concept
If your answer is descriptive, go with descriptive design.
If it involves numbers and comparison with analytical designs.
If it is focused on understanding new ideas opt for an exploratory style.
For most ignou mcom submissions detailed and analytical designs are more than enough.
After selecting the research method then the next stage is choosing how data will be collected. The method for collecting data must be compatible with your research proposal.
IGNOU accepts primary and secondary data. What is important is honesty as well as clarity.
Primary data are the data that was collected on the spot by the investigator for the initial time.
Common primary data tools include.
Questionnaire
Interview
Observation
Primarily gathered data can be beneficial when you are working on projects that require opinions, perceptions, or behavior.
Topics suitable for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but don't properly design them. IGNOU has not evaluated the questionnaire in depth, however it should be relevant and rational.
Guidelines for questionnaire design.
Questions should be simple
Avoid excessive technical vocabulary
Make sure you answer close-ended questions
Links questions to goals
Example description for methodology section.
Primary data was collected using an organized questionnaire made up of closely-ended, standardized questions designed in accordance to the purpose of the study.
Do not use advanced survey methods if you did not employ them.
Interview method is less common but can be beneficial for smaller-scale studies. It works well for case research as well as qualitative topics.
Example explanation.
Primary data was gathered through personal interviews with employees to learn their perspectives about the issue.
Only use the interview method if that you had actual interaction with respondents.
Secondary data refers to data already stored by an individual. It is frequently used in the ignou mcom projects work.
Data sources that are secondary include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Finance and accounting subjects typically require secondary information.
Example explanation.
The study is based upon secondary data that was gathered from annual reports or textbooks. Journals, journal, also official portals.
Second-hand information is fine for as long as it's properly identified.
Students tend to think that primary data appears better. This isn't always the case.
Use primary data only when.
Your topic may involve opinions or behavior
You have access to those who have an opinion
Size of the sample is manageable
Choose secondary data when.
Your topic is financial or accounting-related.
This information is available with reports
This time is short
IGNOU is not penalizing projects on the basis of secondary information. What matters is the correct analysis.
Sampling design describes how respondents or units were picked.
In the ignou MCOM project work the simple sampling method is sufficient.
The most convenient method of sampling is convenience sampling. often used method of student.
Example explanation.
The method of convenience sampling was employed to select respondents based on availability and accessibility.
This is a factual and valid assumption that has been approved by IGNOU.
Random sampling could be used if respondents were selected randomly.
Example explanation.
Random sampling was the method employed to pick respondents from the entire population.
Only use this if the selection is actually random.
The sample size should be reasonable and controllable.
Standard sample sizes for IGNOU projects range between 30 to 100 people who take part in surveys.
For financial studies, the size of the sample can refer to the number of years or the size of companies.
Example explanation.
The sample size is 50 people from the chosen company.
Or
The study covers financial data for five consecutive years.
Maintain this consistency with your analysis section.
Study time defines the time frame of your research.
For topics on finance, make sure to mention the financial years in detail.
For survey topics, you should mention the time of the data collection.
Example.
The study spans three months, during which time data were collected and analysed.
This is a sign of planning and clarity.
A large number of submissions for projects to ignou are ruined by mistakes that could have been avoided.
Copying the methodology of internet
Using terms that are more advanced without knowing
Uncertainty between objectives and methodologies
Insisting on primary data with no evidence
Avoid these mistakes to improve your project quality.
IGNOU Evaluations seek.
Clarity
The flow of logic
relevance to the topic
Accurate explanation
They do expect not to have perfect research. They expect genuine effort.
Simple and well-explained approach usually performs better that a technical copy.
Make sure you read your goals before writing the methodology. Each objective should be supported by a process.
If objective is to analyze financial performance, refer to ratios.
If objective is to evaluate employee satisfaction, provide a questionnaire.
This alignment makes a powerful impression.
Selecting the right research design and data collection technique should not concern complexity. The key is in the suitability. For an IGNOU Project Report for MCOM MCOM project easy choices, clearly explained are the best.
Find out the topic you are discussing. Be truthful about the information you provide. Write in your own language. It can boost both marks and confidence.
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