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The choice of the appropriate research design and data collection strategy is one of the most ambiguous aspects for students who are working on their IGNOU project. A lot of students begin writing their ignou MCOM project without realizing what research they actually are conducting. Therefore, your methodology section will appear weak, copied, or is disconnected from the theme.
This article focuses exclusively on the steps to select the best research design and data collection technique with respect to IGNOU MCom projects. It provides concepts in a simple terms and connects them with concrete examples so that students can quickly apply them.
Research design functions as a blueprint for your study. It defines the direction of your research project. If the research plan is wrong, everything that follows data collection, analysis as well as conclusion becomes questionable.
IGNOU does not have complex and highly technical research concepts. What they want is alignment. Design should be in line with objectives, topic, and accessibility of information.
Many students get a grade not just because their content isn't good and their design does not support the objectives they've established in their paper.
Research design defines the kind of study you're conducting. It provides answers to three key questions.
What is being investigated?
and why is it being researched
What is being researched
In ignou's project work research design typically falls into one of the following categories.
A descriptive research model is among the most frequently used design for IGNOU MCom projects. It is utilized in cases where the purpose is to denote a situation or condition or even a performance.
This design is ideal for topics such as.
Employee satisfaction
Affects the perception of customer
Performance analysis
Working capital management
Training's impact on employees
In descriptive research researchers do not manipulate variables. It is all about noting and describing existing facts.
Example explanation.
The study follows an approach to descriptive research that aims for analyzing the present financial position of the selected business using relevant data.
This design is safe and accepted. It is also easy be defended in an project for mcom.
Analytical research designs are used when the study goes beyond description, and aims to study relationships or performance trends.
This design is suitable when your project includes.
Ratio study
Trend analysis
Comparative analysis between companies
Year-to-year financial evaluation
A lot of finance-related ignou mcom project areas employ analytical design along with descriptive design.
Example explanation.
The study employs an analytic research model to assess the financial performance of the firm through trend analysis and ratio analysis.
This shows depth, but without sounding complicated.
Exploratory research designs are used when the topic is unclear or undefined. This is less prevalent 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 approach to investigate the awareness of employees about current accounting practices.
Use this design only when your subject really explores something unexplored.
For the best design take a look at these issues.
Am I writing about an existing situation
Do I analyze the performance or trend
Am I investigating an idea that is new to me?
If your answer is descriptive then go for descriptive design.
If it includes numbers or comparison, add analytical design.
If it is focused on understanding new ideas, choose exploratory design.
For most ignou project submissions the descriptive and analytical design are more than sufficient.
After selecting the research method The next step is picking the best method for data to be taken. The method of data collection should complement the research strategy.
IGNOU MCOM project help accepts primary and secondary data. The most important thing is honesty and clarity.
Primary data are the data that was collected straight by the researcher in their first attempt.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data is important for projects that require opinions as well as perceptions and behavior.
Topics that could be appropriate when it comes to primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students make use of questionnaires, but don't properly design them. IGNOU doesn't evaluate the questionnaire thoroughly, but it should be relevant and rational.
Guidelines for questionnaire design.
Make questions easy to understand
Avoid using technical terminology
Use short-ended questions
Incorporate questions into goals
Example description for methodology section.
Primary data was obtained using a well-structured questionnaire comprising closely-ended, standardized questions designed in accordance to the purposes used in this research.
Do not claim the latest survey techniques if you did not apply them.
Interviews are not as common but useful for small sample studies. It's perfect for case research and qualitative issues.
Example explanation.
Primary data was collected through personal interviews with selected employees to understand their views regarding the subject.
Use the interview method only if participants actually engaged with you.
Secondary data is data already taken by another. It is frequently used in the work of the ignou MCOM project.
Sources of secondary data include.
annual reports financial statement Books Research journals Company websites Government publications
Finance and accounting issues largely depend on secondary data.
Example explanation.
The study is based on secondary data gathered from companies' annual reports in textbooks, journals, textbooks online websites, and textbooks.
Secondary data is entirely acceptable if properly mentioned.
Most students believe that primary data appears prettier. This is not always true.
Choose primary data when.
Your topic is about opinions or behaviors
You have access to people
The size of the sample is achievable
Use secondary data only when.
Your topic is either financial or accounting related.
Data is available within reports
It is time-bound
IGNOU doesn't penalize any projects on the basis of secondary data. What is important is proper analysis.
Sampling design describes how respondents or units were selected.
In the work of ignou mcom simply sampling techniques are sufficient.
Convenience sampling is one of the most frequently utilized method for students.
Example explanation.
The convenience sampling technique was utilized to select respondents according to availability and accessibility.
This is accurate and it is accepted by IGNOU.
Random sampling may be mentioned when respondents were chosen randomly.
Example explanation.
Random sampling technique was employed to draw respondents from a population.
This is only used if the selection occurred at random.
The sample size should be acceptable and easy to manage.
Common sample sizes in IGNOU projects range from 30 to 100 people who take part in surveys.
When it comes to financial analysis, the size of the sample could refers to the number years or even companies.
Example explanation.
The sample size consists of 50 respondents from the selected group.
Or
The study includes financial information from five consecutive years.
This should be consistent with the analysis section.
The length of study defines the time frame of your study.
For financial topics, mention the financial year clearly.
For survey issues, list the time of research.
Example.
The study period consists of three months of time during which data was gathered and then analyzed.
This shows planning and clarity.
Many of the ignou mcom submissions fail due to mistakes that are avoidable.
Copying methodology from internet
using terms from the internet that are not understood without understanding
the difference between the objectives and methodology
Making claims to primary information with no proof
Avoid these mistakes to improve the quality of your project.
IGNOU Evaluators search for.
Clearness
Logical flow
Importance to the topic
Truthful explanation
They do not want perfect research. They want genuine effort.
An easy and well-described procedure is usually more successful over a rewritten technical model.
Always check your objectives prior to writing your methodology. Every goal should be supported by a method.
If objective is to analyze the financial performance of an organization, be sure to mention specific ratios.
If objective is to examine employee satisfaction, use questionnaires.
This alignment makes a powerful impression.
The right research design and data collection methodology will not be about complexity. It's all about the right fit. In an ignou project, simple choices explained clearly will work the best.
Be aware of your topic. Keep your data honest. Write your thoughts in your own words. It can boost both marks and confidence.
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