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The choice of the appropriate research design and the method of collecting data is among the most ambiguous aspects for students working on their IGNOU project. Many students begin their ignou mcom assignment without having a clear understanding of the type of research they actually are conducting. Because of this, the methodology section is weak, rewritten, or is disconnected from the theme.
This article concentrates on the best way to choose the most appropriate research design and method of data collection to be used in IGNOU MCom projects. It explains concepts in simple terminology and ties them to examples so that students are able apply them effortlessly.
Research design acts like an outline for your study. It sets the direction for your research project. If the research methodology does not meet the criteria, everything that includes data collection, analysis and conclusion may be in question.
IGNOU is not looking for complex or extremely technical research designs. What they look for is alignment. The design must be consistent with your goals, objectives, topic, as well as information availability.
Students often lose marks not for the reason that their subject is bad or their writing style is bad, but because the design is not in line with the goals they've set for themselves.
Research design can explain what type of study you're undertaking. It is the answer to three essential questions.
What is being examined
The reason why it is being examined
What is being studied
In ignou's mcom projects, research design usually falls within one of the categories below.
A descriptive research model is one of the most commonly utilized design in IGNOU MCom projects. It is used for projects that aim to identify a condition, situation or performance.
This design can be used for subjects like.
Satisfaction of employees
Affects the perception of customer
Financial performance analysis
Working capital management
The impact of training on employees
In descriptive research researchers are not able to alter variables. The main focus is being observant and describing facts.
Example explanation.
The study is based on an exploratory research approach to evaluate the current financial situation of the business based on pertinent information.
This design is secure that is accepted, dependable, and simple to prove in an ignou mcom project.
An analytical research design is utilized when the research goes beyond description, and aims to study performances or relationship patterns.
This design is appropriate when your project involves.
Ratio analyses
Tend analysis
Comparative study conducted between companies
Year-long financial evaluation
Many finance related ignou mcom project topics use analytical design as well as descriptive design.
Example explanation.
The study follows an analytical research approach to assess the financial performance of a company by using ratios and trend analysis.
This indicates depth without sounding complicated.
Exploratory research design is employed for topics that are undefined or is not clear. It is less common among IGNOU MCom projects but may be used in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory research model to study the employee's perception of new accounting practices.
This design should only be used when your subject area is really exploring something unexplored.
To pick the appropriate design You should ask yourself these questions.
Are I describing a current situation
Do I examine the performance or patterns
Am I trying to understand some new ideas
If the answer is a description and not a description, then you should go with a descriptive design.
If it is based on numbers and comparison with analytical designs.
If it seeks to understand new concepts take a look at exploratory design.
For the majority of ignou MCOM project submissions Analytic and descriptive designs are more than enough.
Once the research design has been selected The next step is deciding on the manner in which data will be taken. The method for collecting data must be compatible with your research design.
IGNOU allows both primary and secondary data. The most important thing is honesty and transparency.
Primary data is data collected at the point of collection by researchers for the first.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data can be useful whenever your project requires opinions, perceptions, or behavior.
Examples of subjects that can be used for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Most students fill out questionnaires but don't make them well-designed. IGNOU does not look at questions in depth, but it needs to appear legitimate and logical.
Guidelines for questionnaire design.
Answers should be straightforward
Beware of Technical language
Use short-ended questions
Link questions with objectives
Example description for methodology section.
Primary data was collected using a structured questionnaire made up of close ended questions designed according to the goals used in this research.
Do not use advanced survey techniques if your did not employ them.
Interview method is less common but is useful for smaller sample studies. It's perfect for case research and qualitative issues.
Example explanation.
Primary data was gathered through personal conversations with selected employees to discover their views on the issue.
Only use interview methods if you actually had a conversation with the respondents.
Secondary data is data taken by another. It is widely used in the IGNOU MCOM project help mcom projects work.
Sources of secondary data include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Finance and accounting issues largely are dependent on secondary data.
Example explanation.
The study relies on secondary data gathered from companies' annual reports as well as textbooks, journals as well as official sites.
Secondary data is entirely acceptable in the right context.
Students are often of the opinion that data from primary sources appears prettier. However, that's not always true.
Choose the primary information when.
The subject of your discussion involves opinions or actions
You have access to a variety of respondents
Sample size is easily manageable
Select secondary data whenever possible.
Your topic is financial, or accounting related.
Data is available within reports
and reports. Time is not unlimited.
IGNOU cannot penalize projects based on secondary data. What is important is an accurate analysis.
Sampling design describes how respondents or units were chosen.
In ignou mcom project work simply sampling techniques are enough.
Convenience sampling is one of the most often used method of student.
Example explanation.
A convenient sampling technique was employed to select respondents according to accessibility and availability.
This is real and has been was accepted by IGNOU.
Random sampling could be used on the basis that respondents were selected randomly.
Example explanation.
Random sampling was the method used to select the respondents from the general population.
Only use this if the selection occurred at random.
The size of the sample must be reasonable and easy to manage.
Sample sizes that are common in IGNOU projects range between 30 and 100 respondents in surveys.
For financial studies, the size of the sample could refer to the number years or the size of companies.
Example explanation.
The sample size is fifty respondents from the company.
Or
The study covers financial data of five years consecutively.
Maintain this consistency with your analysis section.
Study period is the timeframe of your study.
When discussing financial topics, you should mention the year of financial reporting clearly.
For survey topics, provide the time of research.
Example.
The study period consists of 3 months during which information were gathered and analyzed.
This shows planning and clarity.
Many ignou mcom project submissions are ruined by mistakes that could have been avoided.
Copying methodology from the internet
Utilizing advanced terminology without having a clear understanding
Inconsistency between objectives and the methodology
Invoking primary information without evidence
Beware of these mistakes and improve your project quality.
IGNOU examiners look for.
The clarity
The flow of logic
Application to the topic
Sincere explanation
They do not want perfect research. They expect sincere effort.
Simple and well-explained method is often more effective than an undocumented and copied technique.
Always read your objectives before writing methodology. Every objective should be supported with a method.
If objective is to analyze the performance of financials, you should mention percentiles.
If objective is to study the level of satisfaction among employees, you should mention questionnaires.
This alignment creates a strong impression.
Selecting the right research plan and method for data collection does not require complexity. The key is in the suitability. In an ignou project straightforward choices clearly outlined will work the best.
Understand your topic. Be truthful about the information you provide. Write in your own words. The simple act of writing can help you improve your scores and confidence.
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