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Finding the right research plan and method of data collection is one of the most complicated aspects for students working on an IGNOU project. Many students begin writing their ignou-mcom project with no completely understanding the nature of research they're actually undertaking. Thus, the methodology section appears lacking, copied, or disconnected from the main topic.
This article will focus on the best way to choose the right research design and data collection method with respect to IGNOU MCom projects. It explains concepts in an easy way and connects them with examples in a way that students are able apply them effortlessly.
Research design is an outline for your study. It is the basis for your project. If the design of your research doesn't work, everything else that is based on data collection, analysis and conclusion is questioned.
IGNOU does not have complex or highly technical research plans. What they require is alignment. The design should be a reflection of your objectives, topic, and accessibility of information.
Many students do not lose marks due to the topic being bad however, their style does not support the objectives they've outlined in their essays.
The research design will explain the type of study you're conducting. It answers three basic questions.
What is being considered
and why is it being researched
How it is being researched
In the case of ignou MCOM project work research design typically falls into the one of those categories.
The descriptive design for research has become the most commonly utilized design used in IGNOU MCom projects. It is used when the goal is to define a condition, situation, or performance.
This design can be used for subjects like.
Employee satisfaction
Experience of the customers
Analyzing financial performance
Management of working capital
Impact of training on employees
In descriptive research researchers do not alter variables. The research is focused on noting and describing existing facts.
Example explanation.
The study is based on the design of a descriptive study to evaluate the current financial position of the selected business based on pertinent information.
This design is safe to use, well-accepted, and easy be defended in an IGNOU MCOM project topics project for mcom.
Analytical research is a method of study when the study goes beyond description and attempts to examine performances or relationship patterns.
This design is suitable if your work involves.
Ratio analysis
Trend analysis
Comparative study between companies
Year-long financial evaluation
A variety of finance related ignou project topics employ analytical design and descriptive design.
Example explanation.
This study utilizes an analytical research model to assess the financial performance of the business through trend analysis and ratio analysis.
This shows depth but isn't complicated.
Exploratory research design is employed for topics that are in its initial stages or not well defined. It's less frequently used on IGNOU MCom projects but may apply to areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs the design of an exploratory study to determine the perception of employees about recent accounting practices.
Make use of this design only when the subject you're discussing is unfamiliar.
To pick the appropriate design consider these questions.
Am I writing about an existing situation
Am I looking at the performance or patterns
Are I researching the possibility of a new idea
If your answer is descriptive or description, use descriptive design.
If it involves numbers and comparison with analytical designs.
If it focuses on understanding new ideas consider exploratory designs.
In most ignou MCOM project submissions with descriptive and analytical designs are more than adequate.
Once the research design has been selected then the next stage is selecting the way in which data is collected. Data collection methods should align with the research strategy.
IGNOU allows both primary and secondary data. It is the honesty and clarity.
Primary data are the data that was collected through direct contact with the researcher, for the first.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data are useful when your project involves opinions, perceptions, or behavior.
Topics that could be appropriate on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Most students fill out questionnaires but fail to design them correctly. IGNOU doesn't evaluate the questionnaire with a thoroughness, but it should be relevant and rational.
Guidelines for questionnaire design.
Make questions easy to understand
Avoid tech-speak.
Use short-ended questions
Links questions to objectives
Example description for methodology section.
Primary data were collected with an organized questionnaire made up of short-ended questions formulated according to the objectives used in this research.
Don't claim advanced survey methods if the method you used did not apply them.
Interview method is not widely used but useful for small sample studies. It's a great option for case studies and qualitative subjects.
Example explanation.
The primary data was collected via individual interviews with employees to understand their views about the matter.
Utilize the interview technique only if participants actually engaged with you.
Secondary data is data taken from another source. It is used extensively in the work of the project ignou mcom.
Sources of secondary data include.
The annual report Financial statement Books Research journals Company websites Government publications
Finance and accounting topics mostly depend on secondary data.
Example explanation.
The study is based upon secondary information gathered from annual reports in textbooks, journals, textbooks in addition to official website.
Secondary data is completely acceptable provided it is properly cited.
Students are often of the opinion that data from primary sources appears superior. It's not always the case.
Choose the primary source of data.
Your topic involves opinions or behaviour
You are able to speak to the people who are responding
Size of the sample is acceptable
Choose secondary data when.
The topic you choose is finance or accounting related.
There is data available with reports
But time is limited
IGNOU is not penalizing projects on the basis of secondary data. What is important is a proper analysis.
The sampling design explains why respondents or units were chosen.
In the case of ignou's mcom project with simple sampling techniques sufficient.
Convenience sampling is the most frequently utilized method for students.
Example explanation.
A convenient sampling technique was employed to select participants based on accessibility and availability.
This is an accurate assumption and is recognized by IGNOU.
Random sampling can be described If respondents were randomly chosen.
Example explanation.
The random sampling method was used to draw respondents from a population.
Make sure to use this only in the event that the selection was really random.
The size of the sample must be reasonable and doable.
Common sample sizes in IGNOU projects range from 30 to 100 participants for surveys.
When it comes to financial analysis, the size of the sample could refer to the number years or companies.
Example explanation.
The sample size consists of 50 participants from the chosen organisation.
Or
The study covers financial data for five consecutive years.
You should keep this in line with your analysis section.
Study time defines the duration of your research.
For topics related to finance, be sure to state the financial year in a clear manner.
For survey topics, mention the duration of the collection of data.
Example.
The study period consists of the period of three months where data were collected and analysed.
This shows organization and clarity.
A large number of submissions for projects to ignou suffer due to avoidable mistakes.
Copying methodology from internet
Utilizing terms of the future without knowing
Inconsistency between objectives and methodologies
Making claims to primary data in the absence of evidence
Beware of these mistakes and improve the quality of your project.
IGNOU examiners look for.
Detachment
Logical flow
Relevance to topic
Full explanation
They don't require flawless research. They expect sincere effort.
Simple and clearly explained procedure is usually more successful over a copy of a technical procedure.
Always review your goals prior to making your writing strategy. Every objective must be supported by a methodology.
If the goal is to analyse the financial performance of a company, make reference to the ratios.
If objective is to evaluate the level of satisfaction among employees, you should mention questionnaires.
This alignment gives a strong impression.
Selecting the right research design and data collection methodology should not concern complexity. It's all about a sense of suitability. In an ignoumcom project basic choices made clear can be the most effective.
Learn about your topic. Don't lie about your data. Write in your own words. The simple act of writing can help you improve your scores and confidence.
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