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Picking the appropriate research style and method of data collection is among the most challenging aspects for students who have to complete their IGNOU project. A lot of students begin writing their ignou mcom assignment without realizing what research they're actually carrying out. As a result, the methodology section can appear weak, copied or out of touch with the topic.
This article concentrates on the best way to choose an appropriate research design and data collection methodology appropriate for IGNOU MCom projects. It will explain concepts in a straightforward way and connects them by providing examples of how students are able to use them immediately.
Research design functions as an outline of your research. It sets the direction for your project. If the design of your research isn't correct, everything else that is based on data collection, analysis and conclusion will be questioned.
IGNOU does not anticipate complex and highly technical research concepts. What they want is alignment. Design should be in line with goals, objectives, topic, as well as information availability.
Many students do not lose marks because their subject is poor in the first place, but due to their design does not align with the goals they've stated in their essay.
Research design provides the details of what kind of study you're undertaking. It answers three major questions.
What is being studying?
What is being studied
What is being researched
In the ignou mcom project work, research design usually falls to one of the aforementioned categories.
Descriptive research design is the most widely employed design in IGNOU MCom projects. It is employed when the purpose is describe a situation, condition or performance.
This design is suitable to be used in areas such as.
Employee satisfaction
Affects the perception of customer
Assessment of financial performance
Working capital management
The impact of training on employees
In descriptive research the researcher doesn't alter variables. The emphasis is on looking at and explaining existing facts.
Example explanation.
The study is based on the method of descriptive research for the analysis of the current financial position of the selected company based on relevant information.
This design is secure, accepted, and easy to defend in an ignou MCOM project.
An analytical research design is utilized in studies that go beyond descriptions and attempts to look at relations or performance trends.
This design is ideal if your work involves.
Analysis of ratios
Analyse of trend
Comparison study between companies
Year wise financial evaluation
A variety of finance related ignou project topics employ analytical design and descriptive design.
Example explanation.
The study employs an analytic research approach to assess the financial performance of the company with the help of ratios and trend analysis.
This shows depth without sounding complex.
Exploratory research design is employed in cases where the subject is unknown or has not been defined clearly. It's less popular within IGNOU MCom projects but may be used in areas such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on the design of an exploratory study to assess the level of awareness among employees regarding current accounting practices.
This design should only be used when your subject area is really exploring something unfamiliar.
For the best design take a look at these issues.
Am I writing about an existing situation
Am I analyzing the performance or trend
Am I exploring a new concept
If your answer is a description that you want to convey, choose descriptive design.
If it involves numbers and comparison with analytical designs.
If it concentrates on gaining insight into new ideas, choose exploratory design.
For the majority of ignou MCOM project submissions that are descriptive and analytical, these designs will suffice.
After deciding on the research design Next step is deciding how data will be taken. The method of data collection should complement your research design.
IGNOU permits primary as well as secondary data. It is the honesty and transparency.
Primary data is data collected in the direct presence of the research scientist for the very first time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data are useful when you are working on projects that require opinions or beliefs, or even behavior.
Some examples of topics that would be suitable with primary statistics.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students make use of questionnaires, but do not design them correctly. IGNOU does not examine the questionnaire, however it should be designed to look appropriate and rational.
Guidelines for questionnaire design.
Simple questions should be asked.
Beware of technical language
Use short-ended questions
Make sure that questions are linked to goals
Example description for methodology section.
The primary data was collected by using a structured questionnaire consisting of short-ended questions formulated according to the objectives for the research.
Don't claim advanced survey methods if you do not employ them.
The interview method is less well-known but can be helpful for small-sample studies. It's great for case research as well as qualitative topics.
Example explanation.
The primary data was gathered through personal conversations with selected employees in order to gain insight into their opinions on the matter.
Utilize the interview technique only if you have interacted with respondents.
Secondary data is information that has been obtained by someone else. It is extensively used in the work of the project ignou mcom.
The sources of secondary data are.
Yearly reports, financials Books Research journals Company websites Government publications
Topics related to finance and accounting mainly are dependent on secondary data.
Example explanation.
The study relies on secondary data gathered from companies' annual reports in textbooks, journals, textbooks including official site websites.
The use of secondary data is acceptable in the right context.
Students are often of the opinion that data from primary sources appears more attractive. It's not always the case.
Make sure to select primary data when.
Your subject is a source of opinions or the way of life.
You are able to speak to the people who are responding
The size of the sample is achievable
Use secondary data only when.
It is a financial or accounting-related.
This information is available as reports
It is time-bound
IGNOU does not penalize projects based on secondary data. All that matters is accurate analysis.
The sampling design explains how respondents or units were picked.
In the work of ignou MCOM project work IGNOU; gratisafhalen.be, it is simple to use sampling methods sufficient.
Convenience sampling is among the most frequently used method for students.
Example explanation.
Convenience sampling was the method used to select respondents based upon availability and accessibility.
This is true and is acknowledged by IGNOU.
Random sampling might be mentioned in the case of random selection of respondents.
Example explanation.
Random sampling technique was employed to pick respondents from the entire population.
Use this only if selection occurred at random.
The size of the sample should be manageable and doable.
The typical sample sizes for IGNOU projects range between 30 to 100 people who take part in surveys.
When it comes to financial analysis, the size of the sample can be used to refer the number years or even companies.
Example explanation.
The sample size consists of 50 respondents from the chosen company.
Or
The study includes financial information of five consecutive years.
Follow this with respect to your analysis section.
The study period 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, include the time of research.
Example.
The study period consists of three months during which data was collected and analyzed.
This is a sign of planning and clarity.
Many ignou project submissions suffer from mistakes that could be avoided.
Copying methodology and methods from internet
using advanced terms without knowing
Uncertainty between objectives and methodologies
Representing primary data without proof
Avoid these mistakes to improve the quality of your work.
IGNOU examiners look for.
Acuity
Clarity
Importance to topic
An honest explanation
They don't have the expectation of perfect research. They expect sincere effort.
A simple and well explained approach usually performs better that a technical copy.
Always study your goals prior writing your approach. Every goal should be backed by a strategy.
If the objective is to evaluate financial performance, include the ratios.
If objective is to measure employee satisfaction, include a questionnaire.
This alignment gives a strong impression.
The right research design and data collection methodology doesn't mean complexity. It's about being able to use it. In an ignoumcom project Simple choices that are clearly explained are the best.
Know your subject. Make sure you are honest with your information. Write in your own words. That alone can improve both marks and confidence.
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