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Finding the right research plan as well as the best method to collect data is among the most confusing parts of the IGNOU project. Many students begin their ignou mcom assignment without completely understanding the nature of research they actually are conducting. Therefore, the methodology section can appear inadequate, copied, or unrelated to the subject.
This article is focused on the steps to select the most appropriate research design and data collection technique appropriate for IGNOU MCom projects. It presents concepts in simple language and links them with examples that students can implement them easily.
Research design is a plan for your study. It is the basis for your project. If the research design is not correct, everything that comes after data collection, analysis and conclusion is in doubt.
IGNOU doesn't expect complicated or extremely technical research designs. They expect alignment. Your design should be in line with your goals, topic, as well as accessibility of information.
Many students lose marks not due to their topic being poor in the first place, but due to their design does not align with the goals that they've expressed in their work.
Research design explains what type of research you're carrying out. It provides answers to three key questions.
What is being study?
why it is being examined
What is being studied
For ignou's MCOM projects research design is usually categorized into the one of those categories.
In general, descriptive research designs are the most widely utilized design used in IGNOU MCom projects. It is utilized when the purpose is denote a situation or condition, or performance.
This design is ideal for topics like.
Customer satisfaction
Affects the perception of customer
Financial performance analysis
Working capital management
The impact of training on employees
In descriptive research researchers are not able to manipulate variables. The focus is on looking at and explaining existing facts.
Example explanation.
The study is based on the design of a descriptive study to examine the current financial situation of the business based on pertinent information.
This design is safe as well as accepted. It's also simple be defended in an ignou MCOM project.
Analytical research design is used in studies that go beyond descriptions and attempts to investigate and compare performance trends.
This design can be used when your work involves.
Analysis on ratio
Ratio analysis
Comparative analysis between companies
year-long financial evaluation
Many finance-related IGNOU Project Guide MCOM projects use analytical design as well as descriptive design.
Example explanation.
This study utilizes an analytical research approach to assess the financial performance of the firm by way of trend and ratio analysis.
This shows depth, but without sounding complex.
Exploratory research designs are used when the topic is undefined or is not clear. It's less frequently used when it comes to IGNOU MCom projects but may be used in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory research model to determine the perception of employees about current accounting practices.
This design should only be used when your topic genuinely explores something new.
To select the right design, ask yourself these questions.
Am I writing about an existing situation
Do I examine performance or trends
Am I looking into some new concepts
If the answer is "description, go with descriptive design.
If it is based on numbers and comparison, add analytical design.
If it concentrates on gaining insight into new ideas explore design.
For most ignou mcom submissions Analytic and descriptive designs are more than enough.
Once you've decided on a research strategy following the selection, the next step involves deciding on the manner in which data will be taken. The data collection method must fit your research proposal.
IGNOU allows both primary and secondary data. What is important is honesty and transparency.
Primary data is information gathered through direct contact with the researcher, for the first.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data are useful whenever your project requires opinions or beliefs, or even behavior.
Examples of topics that are appropriate the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Most students fill out questionnaires but don't properly design them. IGNOU does not evaluate the questionnaire properly, but it must appear relevant and logical.
Guidelines for questionnaire design.
Questions should be simple
Avoid the use of technical terms
Use closed ended questions
Links questions to objectives
Example description for methodology section.
Primary data was gathered using a structured questionnaire made up of closely-ended, standardized questions designed in accordance to the objectives that the investigation was aiming for.
Do not use advanced survey methods if the method you used did not employ them.
The interview method is less well-known but useful for small sample studies. It's ideal for case studies and qualitative subjects.
Example explanation.
Primary data was gathered through personal interviews with employees to learn their perspectives regarding the matter.
Interview method only when you have actually spoken to respondents.
Secondary data refers to data already stored by an individual. This is a common practice in the ignou MCOM project work.
The sources of secondary data are.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Topics in finance and accounting typically require secondary information.
Example explanation.
The study is based on secondary data obtained from company annual reports publications, textbooks and journals also official portals.
Secondary data is entirely acceptable If it is appropriately mentioned.
Students tend to think that primary data is more appealing. This is not always true.
Select the primary data source when.
Your topic may involve opinions or the way of life.
You have access to those who have an opinion
The size of the sample is feasible
Use secondary data only when.
Your topic is financial, or accounting based.
There is data available via reports
This time is short
IGNOU do not weigh down projects based on secondary information. All that matters is accurate analysis.
The sampling design explains how respondents or units were picked.
For projects like ignou's mcom the simple sampling method is enough.
Convenience sampling is the most commonly used method by students.
Example explanation.
The convenience sampling method was used to select respondents according to availability and accessibility.
This is accurate and acknowledged by IGNOU.
Random sampling might be mentioned in the case of random selection of respondents.
Example explanation.
Random sampling method was used to choose respondents from a large population.
Only use this if the selection was not random.
Sample size should be reasonable and is manageable.
Common sample sizes of IGNOU projects range from 30 to 100 people who take part in surveys.
In financial research, the size of the sample could refer to the number years or businesses.
Example explanation.
The sample size consists of 50 respondents from the selected organisation.
Or
The study includes financial information of five years consecutively.
Follow this with respect to your analysis section.
The length of study defines the time period for your study.
For financial subjects, include the financial year in a clear manner.
For survey topics, include the time of collecting data.
Example.
The study spans three months of time during which data were gathered and analyzed.
This shows planning and clarity.
Many ignou mcom project submissions get ruined due to a few mistakes that can be avoided.
Copying methodology from online
Using terms that are more advanced without understanding
Discord between goals and methodological approach
It is possible to claim primary data, but without any evidence
Avoid these mistakes to improve your project quality.
IGNOU Evaluators search for.
Clarity
Clarity
Connects to the topic
Affirmative explanation
They don't have the expectation of perfect research. They expect genuine effort.
A clear and simple approach usually performs better than a copycat technical approach.
Always study your goals prior creating your methodology. Every goal must be backed with a plan.
If your goal is to look at financial performance, include proportions.
If objective is to examine employee satisfaction, refer to questionnaire.
This alignment gives a strong impression.
The right research design and data collection methodology can be done without worrying about complexity. It's about being able to use it. When it comes to an ignou-mcom project, simple choices explained clearly are the best.
Find out the topic you are discussing. Be honest about your data. Write in your own language. This alone is a great way to improve both scores and confidence.
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