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Picking the appropriate research style and data collection methodology is among the most confusing parts of students working on their IGNOU project. Many students begin their ignou MCOM project without really knowing what research they're actually carrying out. Thus, it appears as if the methodology is weak, copied or out of sync with the subject.
This article focuses on the best way to choose the appropriate research methodology and data collection technique for IGNOU MCom projects. It explains concepts in simple language and connects them with concrete examples so that students can use them effectively.
Research design is a plan for your study. It is the basis for your research project. If your research design does not meet the criteria, everything that involves data collection, analysis and conclusion is questioned.
IGNOU will not be able to provide complex or highly technical research models. What they expect is alignment. The design should align with your goals, your topic, and access to data.
A lot of students fail to get marks not due to their topic being poor but rather because their design isn't compatible with the objectives they've written.
Research design is the way to describe the kind of research you're carrying out. It is the answer to three essential questions.
What is being considered
The reason why it is being investigated
What is being studied
In ignou's mcom projects research design typically falls into one of the following categories.
Descriptive research design is the most widely employed design in IGNOU MCom projects. It is employed when the goal is to identify a condition, situation, or a particular performance.
This design is appropriate for topics such as.
The satisfaction of employees
Perception of the customer
Assessment of financial performance
Working capital management
Training's impact on employees
In descriptive research researchers don't alter variables. The focus is solely on being observant and describing facts.
Example explanation.
The study employs the pattern of a descriptive research study to assess the current financial position of the selected company based upon relevant data.
This design is secure that is accepted, dependable, and simple to defend in an MCOM project.
Analytical research methods are employed when a study goes above description, and aims to study relationship or performance trends.
This design is appropriate when your work involves.
The ratio analysis
Tend analysis
Comparative study among companies
year-long financial evaluation
A variety of finance related ignou projects employ analytical design as well as descriptive design.
Example explanation.
The study implements an analytical research model to assess the financial performance of the company through trend analysis and ratio analysis.
This shows depth but isn't complicated.
Exploratory research methods are employed for topics that are fresh or has not been clearly defined. It is not as common 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 design of research for understanding the public's awareness of current accounting practices.
Use this design only if your topic is really exploring something unfamiliar.
When choosing the right style take a look at these issues.
Are I describing a current situation
Do I look at the performance or trends
Are I examining the possibility of a new idea
If your answer is a description then go for descriptive design.
If it is based on numbers and comparison the design should be analytical.
If it is focused on understanding new ideas take a look at exploratory design.
In most ignou MCOM project submissions, descriptive and analytical designs are more than adequate.
After selecting the research method Next step is deciding how data will be taken. The method of data collection should complement your research design.
IGNOU allows both primary and secondary data. What is important is honesty as well as clarity.
Primary data are the data that was collected from the researchers directly for the first time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primarily-sourced data is helpful whenever your project requires opinions as well as perceptions and behavior.
Some examples of topics that would be suitable on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but don't properly design them. IGNOU does not examine the questionnaire deeply, but it must appear relevant and logical.
Guidelines for questionnaire design.
Keep questions short and simple
Beware of technological language
Use short-ended questions
Incorporate questions into objectives
Example description for methodology section.
Primary data was collected through a structured questionnaire made up of close ended questions designed according to the objectives used in this research.
Do not make claims for advanced survey techniques if they did not employ them.
The interview method is less well-known but it is effective for small-scale studies. It's useful for case research as well as qualitative topics.
Example explanation.
Primarily, data was collected through personal conversations with selected employees to discover their views on the subject.
Only use interview methods if that you had actual interaction with respondents.
Secondary data is information that has been taken by another. It is often used for projects like ignou's mcom.
Secondary data sources include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Accounting and finance subjects mainly are dependent on secondary data.
Example explanation.
The study relies on secondary information gathered from annual reports publications, textbooks and journals as well as official sites.
Secondary information is acceptable provided it is properly cited.
Most students believe that primary data has a better appearance. This is not always true.
Choose the primary source of data.
Your topic may involve opinions or behaviors
You have access to people
Size of the sample is feasible
Select secondary data whenever possible.
Your topic is either financial or accounting related.
Data is readily available as reports
The time limit is set
IGNOU doesn't penalize any projects on the basis of secondary information. All that matters is accurate analysis.
Sampling design explains how respondents or units were selected.
In ignou MCOM project work IGNOU (polyinform.com.ua) project work basic sampling techniques are sufficient.
The most convenient method of sampling is convenience sampling. common method used by students.
Example explanation.
Convenience sampling method was adopted to select respondents according to availability and accessibility.
This is a factual and valid assumption that has been accepted by IGNOU.
Random sampling is a possibility when respondents were chosen randomly.
Example explanation.
Random sampling methods were used to make respondents available from the overall population.
Only use this if the selection was actually random.
The sample size should be reasonable and easily manageable.
Common sample sizes in IGNOU projects vary from 30 to 100 respondents for surveys.
If you are studying financials, the size of the sample could be a reference to number of years or the size of companies.
Example explanation.
The sample size consists of 50 people who are part of the company.
Or
The study covers financial data from five consecutive years.
Make sure that this is consistent with your analysis section.
The duration of your study determines the duration of your study.
In the case of financial topics, indicate the year of financial reporting clearly.
For survey topics, include the time of the collection of data.
Example.
The period of study covers 3 months during which information was collected and analyzed.
This shows planning and clarity.
Many ignou mcom project submissions result in errors that could have been avoided.
Copying methodologies from the internet
Using terms that are more advanced without having a clear understanding
Mismatch between objectives and methodology
Representing primary information with no proof
Avoid these errors to improve your project quality.
IGNOU assessors search for.
Transparency
Clarity
Connection to topic
Honest explanation
They do expect not to have perfect research. They expect genuine effort.
Simple and clearly explained technique usually scores higher that a technical copy.
Read your objectives thoroughly prior to writing your approach. Every objective must be supported with a method.
If your goal is to look at financial performance, include the ratios.
If objective is to evaluate employee satisfaction, mention questionnaire.
This alignment leaves a strong impression.
Selecting the right research design and method for data collection does not require complexity. It's about a good fit. In an ignou project basic choices made clear are most efficient.
Be aware of your topic. Be honest about your data. Write in your own language. That alone can improve both marks and confidence.
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