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Selecting the best research design and method of data collection is one of the most ambiguous aspects for students completing their IGNOU project. A majority of students begin writing their ignou MCOM project without clearly understanding what kind of research they are actually doing. Thus, the methodology section may appear thin, sloppy, or out of sync with the subject.
This article focuses only on the steps to select an appropriate research style and method of data collection with respect to IGNOU MCom projects. It explains concepts in simple terms and connects them by providing examples of how students can apply them easily.
Research design is an outline for your study. It defines the direction for your research project. If the research plan is not correct, everything that goes along with data collection, research the conclusion, and analysis becomes suspect.
IGNOU MCOM project topics (Full File) does not have complex or highly technical research models. They are looking for alignment. The design should reflect your goals, subject, and accessibility of information.
Students often lose marks not just because their content isn't good however, their style is not in line with the goals that they've expressed in their work.
Research design explains what type of study you're undertaking. It can answer three main questions.
What is being looked at?
the reason it is being studied
What is being studied
In ignou's mcom projects research design generally falls into the one of those categories.
A descriptive research model is among the most frequently used design in IGNOU MCom projects. It is utilized for projects that seek to define a condition, situation or performance.
This design is ideal to be used in areas such as.
Employee satisfaction
Satisfaction of clients
Evaluation of financial performance
Management of working capital
Training's impact on employees
In descriptive research researchers are not able to alter variables. The research is focused on noting and describing existing facts.
Example explanation.
The study is based on an exploratory research approach that analyzes the current financial situation of the company using relevant information.
This design is safe to use, well-accepted, and easy explain in an mcom project.
Analytical research methodology is used to study situations that go beyond description and attempts to examine relationships or performance trends.
This design will work if the project you are working on includes.
Ratio analysis
The trend analysis
Study of comparison between companies
Year-wise financial evaluation
Many finance related ignou mcom projects use analytical design along with descriptive design.
Example explanation.
The study employs an analytical research style to assess financial performance of a company through ratio and trend analysis.
This shows depth without sounding complex.
Exploratory research is a method of conducting research when the topic is undefined or is not clear. It isn't as prevalent on 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 approach to study the employee's perception of the most recent accounting practices.
This design should only be used when your topic genuinely explores something unfamiliar.
To choose the correct design, ask yourself these questions.
Are I describing an existing situation
Are I analyzing either performance or trends
Am I looking into some new ideas
If your answer is descriptive then go for descriptive design.
If it involves numbers and comparison and analysis, you should add an analytical design.
If it concentrates on gaining insight into new ideas explore design.
For most ignou mcom project submissions conceptual and analytical designs are more than enough.
Once research design is selected Following that, you must choosing the method by which data will be taken. Data collection method should support your research idea.
IGNOU accepts primary and secondary data. It is the honesty and transparency.
Primary data are data that is collected through direct contact with the researcher, for the first.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data are useful when you're working with opinions or beliefs, or even behavior.
Topics that could be appropriate for data that is primary.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but don't make them well-designed. IGNOU has not evaluated the questionnaire properly, but the design should be logical and logical.
Guidelines for questionnaire design.
Questions should be simple
Avoid using technical terminology
Use short-ended questions
Questions should be linked to objectives
Example description for methodology section.
Primary data was obtained using an organized questionnaire that consisted of open-ended questions, designed according to the purposes that the investigation was aiming for.
Do not assert advanced survey methods if the method you used did not apply them.
Interview method isn't as popular but it is effective for small-scale studies. It's useful for case studies as well as qualitative subjects.
Example explanation.
Primary data was gathered via personal conversations with selected employees to understand their views regarding the topic.
Utilize the interview technique only if you have interacted with respondents.
Secondary data are data that has been taken by another. It is widely used in the ignou mcom project.
Data sources that are secondary include.
Statements of financial positions Books Research journals Company websites Government publications
Finance and accounting topics mainly depend on secondary data.
Example explanation.
The research is based on secondary data gathered from companies' annual reports journal articles, textbooks online websites, and textbooks.
Second-hand information is fine provided it is properly cited.
Students often think primary data has a better appearance. It's not always the case.
Pick the primary data.
Your topic involves opinions, or conduct
You have access to people
The size of the sample is feasible
Select secondary data whenever possible.
Your subject is finance or accounting-related.
Data is accessible in reports
Limitations on time
IGNOU does not penalize projects based on secondary data. What matters is the correct analysis.
Sampling design explains how respondents or units were picked.
For projects like ignou's mcom, simple sampling methods are sufficient.
The most convenient method of sampling is convenience sampling. often used method of student.
Example explanation.
The method of convenience sampling was employed for selecting respondents based on availability and accessibility.
This is a factual and valid assumption that has been accepted by IGNOU.
Random sampling is a possibility on the basis that respondents were selected randomly.
Example explanation.
Random sampling method was used to select the respondents from the general population.
Make sure to use this only in the event that the selection was really random.
The sample size should be reasonable and easy to manage.
Sample sizes that are common in IGNOU projects range from 30 to 100 participants for surveys.
Financial studies may require a sample size. the size of the sample may refer to number of years or companies.
Example explanation.
The sample size is 50 people from the chosen organization.
Or
The study covers financial data from five consecutive years.
This should be consistent with the analysis section.
The study period defines the duration of your research.
In the case of financial topics, indicate your financial year clearly.
For survey subjects, indicate the length of the collection of data.
Example.
The period of study covers three months of time during which data was gathered and then analyzed.
This shows organization and clarity.
Many ignou mcom project submissions fail due to mistakes that are avoidable.
Copying methodology from online
Utilizing advanced terms without having a clear understanding
Mismatch between objectives and methods
Claiming primary data in the absence of evidence
Beware of these mistakes and improve your project quality.
IGNOU assessors search for.
Acuity
The flow of logic
Connects to the subject
Transparent explanation
They don't have the expectation of perfect research. They expect genuine effort.
Simple and clearly explained process is more likely to score higher than a copied technical one.
Always read your objectives before writing your methodology. Each objective should be supported by a process.
If the goal is to analyse the financial performance of an organization, be sure to mention those ratios.
If objective is to examine the level of satisfaction among employees, you should mention questionnaires.
This alignment leaves a strong impression.
The choice of the best research design and data collection methodology should not concern complexity. It is about suitability. In an ignou project Simple choices that are clearly explained are the best.
Learn about your topic. Be transparent about your information. Write in your own language. That alone can improve both marks and confidence.