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Finding the right research plan and data collection methodology is one of the most complicated aspects for students working on an IGNOU project. Many students start writing their ignou-mcom project with no really knowing what research they actually are conducting. Therefore, the methodology section appears weak, rewritten, or disconnected from the main topic.
This article will focus on the steps to select the most appropriate research design and data collection method when working on IGNOU MCom projects. It will explain concepts in a straightforward terms and connects them with practical examples so that students can quickly apply them.
Research design functions as an outline for your study. It establishes the direction of your project. If the research strategy is wrong, then everything that follows data collection, analysis and conclusion can be considered questionable.
IGNOU does not believe in complex or highly technical research plans. What they want is alignment. Your design should correspond to your goals, your topic, and the availability of data.
Many students lose marks not simply because their topic is not good it's because their layout does not align with the goals the students have set out in their writing.
Research design defines the kind of study you're conducting. It is the answer to three essential questions.
What is being examined
What is being looked at
What is being investigated
In the work of the ignou mcom project, research design usually falls among the following classes.
A descriptive research model is the most commonly utilized design used in IGNOU MCOM project work IGNOU (vyaparappsurat.store) projects. It is utilized for projects where the aim is to provide a description of a situation, state or a particular performance.
This design is appropriate for subjects like.
Customer satisfaction
Satisfaction of clients
Analysis of financial performance
Working capital management
Impact of training on employees
In descriptive research, the researcher does not manipulate variables. The emphasis is on watching and describing the facts.
Example explanation.
The study is based on an analytical research plan in order to analyse the financial situation of the company by analyzing relevant data.
This design is safe, accepted, and easy be defended in an ignou mcom project.
An analytical research design is utilized when the study goes beyond description and attempts to analyse relations or performance trends.
This design can be used when the project you are working on includes.
Ratio analysis
The trend analysis
Analysis of comparative study between companies
Financial year-to-year evaluation
Many finance related ignou mcom topics are based on analytical design along with descriptive designs.
Example explanation.
This study utilizes an analytical research model to assess the financial performance of the company with the help of ratios and trend analysis.
This indicates depth without sounding complex.
Exploratory research design is employed when the subject is unfamiliar or unclear. It is less common among IGNOU MCom projects but may be employed in fields such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory approach to investigate the awareness of employees about new accounting practices.
Use this design only when your subject is truly exploring something unexplored.
To determine the proper design Consider these questions.
Do I need to describe an existing situation
Are I analyzing the performance or trends
Are I researching some new ideas
If your answer is description the design should be descriptive.
If it is based on numbers and comparison with analytical designs.
If it focuses on understanding new ideas take a look at exploratory design.
For most ignou project submissions detailed and analytical designs are more than enough.
After selecting the research method following the selection, the next step involves deciding on the manner in which data will be taken. Data collection methods should align with the research plan.
IGNOU allows both primary and secondary data. The most important thing is honesty and clarity.
Primary data is information gathered on the spot by the investigator for the initial time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data can be helpful when your project involves opinions or beliefs, or even behavior.
Topics that could be appropriate when it comes to primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students employ questionnaires and do not design them properly. IGNOU doesn't evaluate the questionnaire thoroughly, but the design should be logical and rational.
Guidelines for questionnaire design.
Make sure questions are simple
Beware of excessive technical vocabulary
Use closed ended questions
Link questions with goals
Example description for methodology section.
Primary data were collected with a well-structured questionnaire comprising close-ended questions that were developed according to the goals of the study.
Do not make claims for advanced techniques for surveying if you did not employ them.
Interview method is less common however it can be useful for small sample studies. It's a great option for case studies as well as qualitative subjects.
Example explanation.
Primary data was collected by individual interviews with employees to learn their perspectives on the topic.
Interview method only when you have interacted with respondents.
Secondary data are data that has been obtained by someone else. It is widely used in ignou mcom project work.
Secondary data sources include.
Annual reports Financial statements Books Research journals Company websites Government publications
Finance and accounting subjects typically are dependent on secondary data.
Example explanation.
The study is based upon secondary data obtained from company annual reports publications, textbooks and journals along with official web sites.
Secondary data is entirely acceptable If it is appropriately mentioned.
Many students believe that primary data will look better. However, that's not always true.
Choose primary data when.
Your topic has to do with opinions or behaviour
You are able to speak to a variety of respondents
Size of the sample is manageable
Choose secondary data when.
Your topic is financial, or accounting based.
The data is available through reports
This time is short
IGNOU won't punish any of its projects on the basis of secondary data. All that matters is accurate analysis.
The design of sampling describes how respondents or units were selected.
In the ignou project work the simple sampling method is sufficient.
Convenience sampling is among 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 accurate and accepted by IGNOU.
Random sampling could be used when respondents were randomly selected.
Example explanation.
Random sampling was the method employed to choose respondents from a large population.
Use this only if the pick was truly random.
Sample size should be reasonable and easily manageable.
Common sample sizes of IGNOU projects range between 30 and 100 respondents in surveys.
As for studies on financials the size of the sample could be a reference to number of years or even companies.
Example explanation.
The sample size consists of 50 participants from the selected group.
Or
The study covers financial data for five consecutive years.
Keep this consistent with your analysis section.
Study time defines the period of time you will conduct your research.
For financial topics, list the financial year in a clear manner.
For survey topics, you should mention the time of the collection of data.
Example.
The study spans the period of three months where data was gathered and then analyzed.
This shows organization and clarity.
Many of the ignou mcom submissions are ruined by mistakes that could have been avoided.
Copying methodology from internet
using terms from the internet that are not understood without understanding
the difference between the objectives and methods
using primary data, but without any evidence
Beware of these mistakes and improve your project quality.
IGNOU evaluaters look for.
The clarity
Logical flow
Relevance to topic
Sincere explanation
They don't expect flawless research. They look for honest efforts.
An easy to understand methodology often scores better than an undocumented and copied technique.
Read your objectives thoroughly prior to writing your methodology. Each objective should be supported through a system.
If the purpose is to examine financial performance, list the ratios.
If objective is to determine employee satisfaction, mention questionnaire.
This alignment leaves a strong impression.
The choice of the best research design and method for data collection does not require complexity. It's about a good fit. In an ignou MCOM project easy choices, clearly explained perform best.
Find out the topic you are discussing. Do your best to be honest about your information. Write in your own language. It can boost both marks and confidence.
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