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Choosing the correct research design and method of data collection is one of many of the most naive tasks for students who have to complete their IGNOU project. Students often begin writing their ignou mcom project without being able to clearly define what research they're actually carrying out. In the end, the methodology section may appear weak, copied, or unrelated to the subject.
This article focuses only on the steps to select an appropriate research strategy and data collection methodology appropriate for IGNOU MCOM project synopsis MCom projects. It describes concepts in a simple language and links them with practical examples so that students can use them effectively.
Research design functions as an outline for your study. It sets the direction for your project. If the research methodology is incorrect, everything that includes data collection, analysis and conclusion can be considered questionable.
IGNOU is not looking for complex or technical research designs. What they are looking for is alignment. The design should align with your goals, objectives, topic, as well as access to data.
Many students get a grade not because their topic is bad in the first place, but due to their design isn't in line with the goal they've stated in their essay.
The research design will explain the type of study you're conducting. It is a response to three questions.
What is being studying?
the reason it is being researched
How it is being studied
In ignou's mcom projects, research design usually falls into one of the following categories.
The Descriptive Research Design is the most frequently utilized design in IGNOU MCom projects. It is utilized when the purpose is describe a specific situation, condition or perform.
This design can be used for topics like.
Customer satisfaction
Customers' perception
Analysis of financial performance
Management of working capital
Impact of training on employees
In descriptive research, the researcher does not alter variables. The primary focus is watching and describing the facts.
Example explanation.
The study follows an approach to descriptive research that aims to assess the current financial position of the selected firm using pertinent data.
This design is safe and accepted. It is also easy for an organization to support in their ignou mcom project.
An analytical research design is utilized in research that goes beyond description to try to determine and compare performance trends.
This design is suitable if your project involves.
Ratio study
Ratio analysis
Comparative study conducted between companies
Year-long financial evaluation
Many finance related ignou MCOM project topics employ analytical design as well as descriptive design.
Example explanation.
The study adopts an analytical research methodology to analyze the financial performance of the firm with the help of ratios and trend analysis.
This shows depth but isn't complex.
Exploratory research methods are employed in cases where the subject is fresh or has not been clearly defined. It's not so common in IGNOU MCom projects but may use in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory design of research that seeks to discover the extent of employee awareness about new accounting practices.
This design should only be used when your subject area is really exploring something unfamiliar.
To select the right design to choose the right design, you must ask these questions.
Do I want to present an existing situation
Do I look at performance or trends
Do I am attempting to discover the possibilities of a new concept
If your answer is description and not a description, then you should go with a descriptive design.
If it includes numbers or comparison the design should be analytical.
If it relies on understanding and interpreting new ideas then go with exploratory designs.
In most ignou MCOM project submissions the descriptive and analytical design will suffice.
When you have chosen the research plan The next step is deciding on the manner in which data will be taken. The method of data collection should complement the research strategy.
IGNOU accepts 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.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data is valuable for projects that require opinions as well as perceptions and behavior.
Some examples of topics that would be suitable the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but don't make them well-designed. IGNOU is not evaluating the questionnaire with a thoroughness, but the design should be logical and rational.
Guidelines for questionnaire design.
Questions should be simple
Do not use Technical language
Use closed ended questions
Questions should be linked to goals
Example description for methodology section.
Primary data was gathered using a structured questionnaire made up of short-ended questions formulated according to the purposes that the investigation was aiming for.
Do not assert advanced survey techniques if you did not use them.
Interview method is less common but it can be effective for small sample studies. It is suitable for case research as well as qualitative topics.
Example explanation.
Primary data was collected through personal interviews with employees in order to gain insight into their opinions regarding the topic.
Use interview method only if that you had actual interaction with respondents.
Secondary data are data that has been that was collected by a different person. It is frequently used in the ignou mcom project.
Sources of secondary data include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Finance and accounting topics mostly depend on secondary data.
Example explanation.
The study is based on secondary data gathered from companies' annual reports journal articles, textbooks as well as official sites.
Data that is secondary to the original source is perfectly acceptable if properly mentioned.
People often believe that primary information has a better appearance. However, this is not always the case.
Select the primary data source when.
The subject of your discussion involves opinions or behavior
You have access to participants
The size of the sample is controlled
Select secondary data whenever possible.
Your topic is either financial or accounting based
Data is accessible via reports
There is a time limit
IGNOU is not penalizing projects based on secondary data. It is about proper analysis.
Sampling design describes how respondents or units were chosen.
In ignou mcom project work it is simple to use sampling methods enough.
Convenience sampling is one of the most frequently utilized method for students.
Example explanation.
The convenience sampling technique was utilized in order to pick respondents based upon accessibility and availability.
This is realistic and it is accepted by IGNOU.
Random sampling might be mentioned If respondents were randomly chosen.
Example explanation.
Random sampling technique was employed to choose respondents from a large population.
Only use this if the selection is actually random.
The size of the sample must be reasonable and doable.
The common sample sizes used in IGNOU projects vary from 30 to 100 respondents for surveys.
for financial reports, sample size may refer to the number years or businesses.
Example explanation.
The sample size is fifty respondents from the company.
Or
The study covers financial data for five consecutive years.
This should be consistent with the analysis section.
The term "period of study" defines the period of time you will conduct your research.
For topics on finance, make sure to mention the financial year clearly.
For survey issues, list the time of data collection.
Example.
The study spans three months of time during which data was collected and analyzed.
This shows planning and clarity.
Many of the submissions to ignou's MCOM projects fail due to mistakes that are avoidable.
Copying methodology from the internet
Utilizing advanced terms without knowing
The objectives are not compatible and methods
Representing primary information with no proof
Beware of these mistakes and improve the quality of your project.
IGNOU Evaluations seek.
Detachment
The flow of logic
relevance to the subject
Honest explanation
They don't expect flawless research. They expect sincere effort.
An easy to understand approach usually performs better over a rewritten technical model.
Be sure to read your objectives prior to writing your approach. Each objective should be supported by a method.
If the goal is to analyze the performance of financials, you should mention proportions.
If objective is to examine the employee's satisfaction, make reference to questionnaires.
This alignment makes a powerful impression.
Picking the appropriate research design and data collection methodology can be done without worrying about complexity. It's about a good fit. When it comes to an ignou-mcom project simple and clear choices work best.
Be aware of the subject. Be sincere about your data. Write your thoughts in your own words. This alone will improve your scores and confidence.
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