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Selecting the best research design and data collection technique is among the most ambiguous aspects of students working on their IGNOU project. Many students start writing their IGNOU mcom projects without having a clear understanding of the type of research they're actually conducting. Therefore, your methodology section will appear weak, copied or out of touch with the topic.
This article is primarily focused on the steps to select an appropriate research style and data collection methodology specifically for IGNOU MCom projects. The article explains concepts in a simple language and links them to practical examples so that students are able to use them immediately.
Research design acts like a blueprint for your study. It defines the direction for your research project. If the research concept doesn't work, everything else that comes after data collection, analysis the conclusion, and analysis becomes suspect.
IGNOU does not expect complex or highly technical research plans. What they are looking for is alignment. Design should be in line with goal, topic, and availability of data.
Students lose marks often not because their topic is bad it's because their layout does not support the objectives they've set for themselves.
Research design describes the type of study you are conducting. It answers three basic questions.
What is being considered
What is being investigated
What is being studied
For ignou's MCOM projects research design generally falls under one of the following types.
This is among the most frequently used design for IGNOU MCom projects. It is utilized when the objective is to describe a situation, condition, or perform.
This design can be used for topics such as.
Satisfaction of employees
Affects the perception of customer
Financial performance analysis
Management of working capital
Impact of training on employees
In descriptive research the researcher doesn't alter variables. The focus is on studying and describing the existing facts.
Example explanation.
The study is based on an analytical research plan that analyzes the current financial position of the selected business using relevant data.
This design is safe and is easy to prove in an project for mcom.
Analytical research methods are employed in research that goes beyond description, and aims to study relations or performance trends.
This design is suitable if the project you are working on includes.
Ratio study
Tend analysis
Comparative study of companies
year-long financial evaluation
Many finance related ignou MCOM projects use analytical design in conjunction with descriptive design.
Example explanation.
This study utilizes an analytical research methodology to analyze the financial performance of the business by way of trend and ratio analysis.
This shows depth but isn't complex.
Exploratory research design is employed for topics that are unclear or undefined. This is less prevalent and is not used in IGNOU MCom projects but may be employed in certain areas, such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory design of research to determine the perception of employees about recent accounting practices.
Make use of this design only when your topic is really exploring something that is not familiar to you.
To determine the proper design Ask yourself these questions.
Do I need to describe an existing situation
Do I examine the performance of or trends
Am I exploring a new concept
If your answer is descriptive it is best to go with descriptive designs.
If it is based on numbers and comparison with analytical designs.
If it has to do with understanding new ideas take a look at exploratory design.
For most ignou mcom submissions detailed and analytical designs will suffice.
After deciding on the research design Following that, you must selecting the way in which data is taken. The data collection method must fit your research concept.
IGNOU accepts primary and secondary data. What is important is honesty, and transparency.
Primary data refers to data gathered from the researchers directly for the first time.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data can be useful whenever your project requires opinions of perceptions, behavior, or other thoughts.
Examples of subjects suitable for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students are using questionnaires but fail to design them correctly. IGNOU does not evaluate the questionnaire thoroughly, but it should appear appropriate and rational.
Guidelines for questionnaire design.
Keep questions simple
Beware of technological language
Use short-ended questions
Incorporate questions into goals
Example description for methodology section.
Primary data was gathered using an organized questionnaire made up of close-ended questions that were developed according to the purpose that the investigation was aiming for.
Do not claim advanced survey techniques if, in fact, you did not employ them.
Interview methods are less popular but can be beneficial for smaller-scale studies. It's perfect for case research and qualitative issues.
Example explanation.
The primary data was gathered through personal interviews with selected employees to understand their views about the issue.
Only use the interview method if you have interacted with respondents.
Secondary data refers to information already stored by an individual. It is widely used in the work of the project ignou mcom.
Data sources that are secondary include.
Yearly reports, financials Books Research journals Company websites Government publications
Finance and accounting subjects typically require secondary information.
Example explanation.
The study relies on secondary data collected from company annual reports and textbooks, journals, in addition to official website.
Secondary data is completely acceptable provided that it is cited correctly.
Students usually think that primary data will look better. That is not always true.
Make sure to select primary data when.
Your topic involves opinions or behaviors
You have access to respondents
The size of the sample is manageable
Select secondary data whenever possible.
Your subject is finance or accounting-related.
It is possible to access data with reports
It is time-bound
IGNOU won't punish any of its projects on the basis of secondary information. It is about proper analysis.
Design of sampling explains how participants or units were selected.
In the project ignou mcom work simply sampling techniques are enough.
Convenience sampling is the most often used method of student.
Example explanation.
The convenience sampling technique was utilized in order to pick respondents based upon accessibility and availability.
This is true and is it is accepted by IGNOU.
Random sampling may be mentioned If respondents were randomly chosen.
Example explanation.
Random sampling was the method used to choose respondents from a large population.
This is only used if the selection is actually random.
The sample size should be acceptable and feasible.
Common sample sizes in IGNOU projects range from 30 to 100 participants for surveys.
for financial reports, the size of the sample may refer to the number years or companies.
Example explanation.
The sample size consists of fifty respondents from the company.
Or
The study includes financial information of five consecutive years.
Keep this consistent with your analysis section.
The term "period of study" defines the period of time you will conduct your research.
For financial topics, write down the financial year clearly.
For survey topics, provide the time of the data collection.
Example.
The study spans 3 months during which information were collected and analysed.
This shows organization and clarity.
Many of the submissions to IGNOU MCOM project topics , go now,'s MCOM projects are ruined by mistakes that could have been avoided.
Copying the methodology of internet
using advanced terms without knowing
A mismatch between objectives and methodologies
using primary data without evidence
Avoid these mistakes to improve the quality of your project.
IGNOU evaluators look for.
Transparency
Logical flow
Relationship to the topic
Full explanation
They do not require perfect research. They expect genuine effort.
A simple and well explained process is more likely to score higher than a copied technical one.
Be sure to read your objectives prior to writing the methodology. Each objective should be supported by a process.
If the goal is to analyze the financial performance of an organization, be sure to mention the ratios.
If objective is to study employee satisfaction, refer to questionnaire.
This alignment gives a strong impression.
Selecting the right research design and method for data collection cannot be a matter of complexity. It's about a good fit. In an ignou MCOM project simple and clear choices work best.
Find out the topic you are discussing. Keep your data honest. Write in your own words. This alone will improve your marks and confidence.
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