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Making the right choice in terms of research design and data collection method is among the most complicated aspects for students working on an IGNOU project. Many students start writing their ignou mcom project without fully understanding the kind of research they're actually carrying out. Because of this, your methodology section will appear weak, copied, or unrelated to the subject.
This article will focus on the process of selecting the appropriate research methodology and data collection method with respect to IGNOU MCom projects. It provides concepts in a simple words and provides them with examples that students are able to use them immediately.
Research design acts like an outline for your study. It establishes the direction of your research project. If the research methodology doesn't work, everything else that follows data collection, analysis and conclusion may be in question.
IGNOU does not anticipate complex or highly technical research models. What they want is alignment. The design should match your objectives, topic, and accessibility of information.
Many students get a grade not for the reason that their subject is bad, but because their design is not in line with the goals they've set for themselves.
Research design provides the details of what kind of study you are conducting. It is the answer to three essential questions.
What is being investigated?
The reason why it is being researched
How it is being studied
In ignou mcom project work research design generally falls between the following groups.
Description research is among the most frequently used design in IGNOU MCom projects. It is employed in cases where the purpose is to describe a situation, condition or performance.
This design is ideal for topics such as.
The satisfaction of employees
Customers' perception
Performance analysis
Management of working capital
Training's impact on employees
In descriptive research researchers are unable to manipulate variables. The focus is on being observant and describing facts.
Example explanation.
The study employs a descriptive research design to assess the current financial position of the selected company based on relevant information.
This design is safe easily accepted and easy to justify in an MCOM project.
Analytical research is a method of study when a study goes above description to try to determine relationship or performance trends.
This design is ideal when your work involves.
Ratio Analysis
Ratio analysis
Comparative study among companies
Year-wise financial evaluation
A lot of finance-related ignou mcom projects use analytical design along with descriptive designs.
Example explanation.
The study is based on an analytical research design to evaluate the financial performance of the company with the help of ratios and trend analysis.
This shows depth without sounding complicated.
Exploratory research design is used for topics that are unclear or undefined. It's less popular in 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 follows an exploratory research plan to determine the perception of employees about new accounting practices.
Make use of this design only when your subject really explores something unexplored.
To determine the proper design take a look at these issues.
Are I describing a current situation
Do I look at developments or performance
Am I trying to understand an idea that is new to me?
If the answer is a description it is best to go with descriptive designs.
If it involves numbers and comparison or analysis, consider adding analytical design.
If it concentrates on gaining insight into new ideas take a look at exploratory design.
For the majority of ignou MCOM project submissions with descriptive and analytical designs are more than sufficient.
Once research design is selected Next step is making a decision on how data will be collected. Data collection method should support your research idea.
IGNOU Project MCOM Online allows both primary and secondary data. What matters is honesty and transparency.
Primary data are data that is collected through direct contact with the researcher, for the first.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data are useful when your project involves opinions behaviour, perceptions.
Examples of subjects suitable to be used as primary information.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but don't make them well-designed. IGNOU doesn't evaluate questions in depth, but it should appear appropriate and rational.
Guidelines for questionnaire design.
Answers should be straightforward
Do not use excessive technical vocabulary
Use close ended questions
Connect questions to objectives
Example description for methodology section.
Primary data was gathered using a well-structured questionnaire comprising questions with a close-ended format that was designed according to the purposes of the study.
Do not assert advanced survey methods if the method you used did not employ them.
Interviews aren't very common but can be helpful for small-sample studies. It's great for case studies and for qualitative topics.
Example explanation.
Primarily, data was collected through personal conversations with selected employees to get their opinions on the topic.
Employ the interviewing method only if you actually interacted with respondents.
Secondary data are data that has been that was collected by a different person. This is a common practice in the ignou mcom projects work.
The sources of secondary data are.
Annual reports Financial statements Books Research journals Company websites Government publications
Topics in finance and accounting typically require secondary information.
Example explanation.
The research is based on secondary data collected from company annual reports, textbooks, journals, along with official web sites.
Data that is secondary to the original source is perfectly acceptable in the right context.
Most students believe that primary data appears prettier. However, this is not always the case.
Use primary data only when.
The topic you are discussing involves opinions or behaviour
You have access to respondents
Sample size is manageable
Select secondary data whenever possible.
The subject you are discussing is financial or accounting based
This information is available within reports
There is a time limit
IGNOU won't punish any of its projects on the basis of secondary data. What matters is proper analysis.
The sampling design explains why respondents or units were picked.
In the project ignou mcom work the simple sampling method is sufficient.
Convenience sampling is one of the most common method used by students.
Example explanation.
The convenience sampling technique was utilized to select respondents based on accessibility and availability.
This is true and is approved by IGNOU.
Random sampling can be described on the basis that respondents were selected randomly.
Example explanation.
Random sampling method was used to choose respondents from a large population.
Only apply this method if your selection was actually random.
The sample size should be reasonable and easy to manage.
Standard sample sizes for IGNOU projects range from 30 and 100 respondents in surveys.
If you are studying financials, the size of the sample can be used to refer the number years or companies.
Example explanation.
The sample size consists of 50 participants from the chosen company.
Or
The study includes financial information from five consecutive years.
It should be consistent with your analysis section.
Period of study defines the timeframe of your study.
For topics related to finance, be sure to state the financial year clearly.
For survey topics, you should mention the time of data collection.
Example.
The study spans the period of three months where data was gathered and then analyzed.
This shows planning and clarity.
Many of the submissions to ignou's MCOM projects suffer due to avoidable mistakes.
Copying methodologies from the internet
Using advanced terms without having a clear understanding
the difference between the objectives and methodologies
Invoking primary data without supporting evidence
Make sure you avoid these mistakes in order to increase the quality of your work.
IGNOU Evaluations seek.
The clarity
Clarity
Relationship to the topic
Accurate explanation
They don't expect flawless research. They expect genuine effort.
Simple and well-explained technique is more often rated higher than a duplicated technical method.
Always review your goals prior to writing the methodology. Each objective must be backed with a plan.
If the purpose is to examine financial performance, mention numbers.
If objective is to assess the satisfaction of employees, reference questionnaire.
This alignment gives a strong impression.
Selecting the most appropriate research design and method for data collection does not require complexity. It's all about a sense of suitability. In a project like ignou mcom simple, clear and straightforward decisions can be the most effective.
Be aware of your topic. Don't lie about your data. Write your thoughts in your own words. That alone can improve both scores and confidence.
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