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Deciding on the most appropriate research design and data collection strategy is among the most difficult tasks for students working on an IGNOU project. A lot of students write their ignou project without completely understanding the nature of research they're actually carrying out. This is why the methodology section looks thin, sloppy, or unrelated to the subject.
The article focuses solely on the best way to choose the best research design and method of data collection appropriate for IGNOU MCom projects. It will explain concepts in a straightforward way and connects them with examples that students can easily apply them.
Research design acts like a plan for your study. It sets the direction for your project. If the research concept doesn't work, everything else that comes after data collection, analysis and conclusion is questioned.
IGNOU doesn't expect complicated or high-tech research designs. What they expect is alignment. The design must be consistent with your goals, your topic, and the availability of data.
Many students lose marks not due to their topic being poor however, their style is not in line with the goals they have written.
The research design will explain the type of research you're conducting. It can answer three main questions.
What is being looked at?
Why it is being investigated
What is being researched
In ignou MCOM IGNOU solved project (simply click the following post) project work, research design usually falls within one of the categories below.
It is the most widely employed design in IGNOU MCom projects. It is employed for projects that seek to define a condition, situation or performance.
This design is appropriate for subjects like.
Employee satisfaction
Experience of the customers
Evaluation of financial performance
Management of working capital
The impact of training on employees
In descriptive research, the researcher does not manipulate variables. The focus is solely on noting and describing existing facts.
Example explanation.
The study follows the design of a descriptive study that analyzes the current financial position of the selected company using relevant information.
This design is safe easily accepted and easy to justify in an ignou mcom project.
Analytical research methodology is used in research that goes beyond description and attempts to analyse and compare performance trends.
This design is ideal if your project involves.
Ratio study
Comparison study
Comparative analysis between companies
year-long financial evaluation
Many finance related ignou mcom project topics use analytical design alongside descriptive design.
Example explanation.
The study uses an analytical research design to examine the financial performance of the business with the help of ratios and trend analysis.
This shows depth but isn't complicated.
Exploratory research design is employed for topics that are undefined or is not clear. It is not as common 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 design for understanding the public's awareness of new accounting practices.
This design should only be used when your subject is truly exploring something that is not familiar to you.
To choose the correct design Ask yourself these questions.
Are I describing an existing situation
Am I analyzing performances or trends
Are I examining 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 the design should be analytical.
If it involves a deeper understanding of new ideas consider exploratory designs.
For most ignou mcom submissions detailed and analytical designs are more than adequate.
After deciding on the research design The next step is to decide how data should be taken. The data collection method must fit your research idea.
IGNOU accepts primary and secondary data. What is important is honesty as well as clarity.
Primary data refers to data gathered straight by the researcher in their first attempt.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data are useful to use when your project involves beliefs or perceptions.
Examples of subjects suitable when it comes to primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students make use of questionnaires, but do not design them correctly. IGNOU does not examine the questionnaire thoroughly, but it must appear relevant and logical.
Guidelines for questionnaire design.
Make sure questions are simple
Beware of any technical words
Use short-ended questions
Link questions with objectives
Example description for methodology section.
Primary data was collected through the structured questionnaire, which consists of questions with a close-ended format that was designed according to the goals of the study.
Do not claim advanced survey techniques if your did not use them.
The interview method is less well-known but it can be effective for small sample studies. It's perfect for case studies as well as qualitative subjects.
Example explanation.
The primary data was gathered through personal interviews with employees to get their opinions on the matter.
Use the interview method only if you actually interacted with respondents.
Secondary data is data already taken by another. It is widely used in the ignou mcom project.
Sources of secondary data include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Finance and accounting topics mainly depend on secondary data.
Example explanation.
The study is based on secondary data that was gathered from annual reports books, textbooks, journals and official websites.
Secondary information is acceptable when properly referenced.
Students often think primary data appears more attractive. But that is not always the truth.
Select primary data whenever possible.
Your topic involves opinions, or conduct
You are able to speak to a variety of respondents
Size of the sample is easily manageable
Select secondary data whenever possible.
Your topic is financial or accounting based.
Data is accessible with reports
There is a time limit
IGNOU will not punish projects based on secondary information. All that matters is accurate analysis.
The sampling design explains why respondents or units were selected.
For projects like ignou's mcom simply sampling techniques are sufficient.
Convenience sampling is one of the most frequent method employed by students.
Example explanation.
The method of convenience sampling was employed to select participants based on accessibility and availability.
This is accurate and was accepted by IGNOU.
Random sampling could be used when respondents were chosen randomly.
Example explanation.
Random sampling was the method used to select the respondents from the general population.
This is only used if the selection was actually random.
The size of the sample must be reasonable and doable.
Sample sizes that are common in IGNOU projects vary from 30 to 100 respondents for surveys.
In financial research, the size of the sample may refer to number of years or businesses.
Example explanation.
The sample size is 50 people from the chosen organization.
Or
The study includes financial information from five consecutive years.
Maintain this consistency with your analysis section.
The term "period of study" defines the time frame of your study.
In the case of financial topics, indicate the financial years in detail.
For survey topics, mention the duration of data collection.
Example.
The period of study covers three months of time during which data were gathered and analyzed.
This shows organization and clarity.
Many ignou mcom project proposals fall foul of mistakes that could easily be avoided.
Copying methodology from the internet
using terms and concepts that are advanced without having a clear understanding
the difference between the objectives and the methodology
It is possible to claim primary information with no proof
Beware of these mistakes and improve the quality of your work.
IGNOU assessors search for.
Detachment
The flow of logic
Relevance to topic
Truthful explanation
They don't expect flawless research. They want genuine effort.
A simple and well explained procedure is usually more successful that a technical copy.
Be sure to read your objectives prior to writing the methodology. Every objective should be supported by a process.
If the purpose is to examine financial performance, list the ratios.
If objective is to assess employee satisfaction, use questionnaires.
This alignment makes a powerful impression.
Selecting the right research design and data collection methodology can be done without worrying about complexity. It's about adaptability. In a project like ignou mcom straightforward choices clearly outlined are the best.
Understand your topic. Be sincere about your data. Write in your own words. This alone can boost your scores and confidence.
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