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The choice of the appropriate research design and data collection method is one of the most confusing parts for students working on an IGNOU project. Many students begin their IGNOU mcom projects without having a clear understanding of the type of research they're actually carrying out. This is why your methodology section will appear inadequate, copied, or out of sync with the subject.
This article will focus on how to select the appropriate research methodology and data collection technique to be used in IGNOU MCom projects. The article explains concepts in a simple terms and connects them with practical examples so that students are able to use them immediately.
Research design functions as an outline for your study. It determines the direction of your project. If the research concept is wrong, then everything that will follow data collection as well as conclusion becomes questionable.
IGNOU does not believe in complex or high-tech research designs. They expect alignment. The design should match your goals, subject, and information availability.
Many students do not lose marks just because their writing isn't up to scratch in the first place, but due to their design is not in line with the goals they've established in their paper.
Research design can explain what type of study you're conducting. It answers three major questions.
What is being examined
why it is being studied
What is being studied
In the case of ignou MCOM project work, research design usually falls among the following classes.
In general, descriptive research designs are the most widely used design for IGNOU MCOM project writing services MCom projects. It is utilized when the objective is to identify a condition, situation, or even a performance.
This design is ideal for topics such as.
The satisfaction of employees
Affects the perception of customer
Financial performance analysis
Management of working capital
Effect of training on employees
In descriptive research the researcher doesn't alter variables. The research is focused on looking at and explaining existing facts.
Example explanation.
The study is based on an analytical research plan to evaluate the current financial situation of the company using relevant information.
This design is safe that is accepted, dependable, and simple justification in an project for mcom.
Analytical research is a method of study when the research goes beyond descriptions and attempts to investigate relationships or performance trends.
This design is appropriate when your project involves.
The ratio analysis
Comparison study
Comparative study between companies
Year-wise financial evaluation
A variety of finance related ignou projects use analytical design as well as descriptive design.
Example explanation.
This study utilizes an analytical research design to examine the financial performance of the company by using ratios and trend analysis.
This shows depth without sounding complex.
Exploratory research designs are used in cases where the subject is unclear or undefined. It is less 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 follows an exploratory design of research to study the employee's perception of current accounting practices.
Make use of this design only when your subject truly explores something new.
To choose the correct design, ask yourself these questions.
Do I need to describe an existing situation
Am I analyzing developments or performance
Am I looking into the possibility of a new idea
If your answer is description then go for descriptive design.
If it involves numbers and comparison or analysis, consider adding analytical design.
If it involves a deeper understanding of new ideas select exploratory design.
In the majority of ignou mcom submissions an analytical and descriptive design will suffice.
When the research concept is chosen The next step is choosing how data will be collected. Data collection methods should align with the research design.
IGNOU permits primary as well as secondary data. What matters is honesty and transparency.
Primary data is information gathered via the individual researcher who is collecting data for only the second time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data is valuable whenever your project requires opinions or perceptions.
Examples of topics that are appropriate with primary statistics.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but do not design them properly. IGNOU doesn't evaluate the questionnaire to its fullest extent, however it must appear relevant and rational.
Guidelines for questionnaire design.
Keep questions simple
Avoid technological language
Use short-ended questions
Link questions with objectives
Example description for methodology section.
Primary data was gathered using an organized questionnaire made up of close ended questions designed according to the objectives for the research.
Do not claim advanced techniques for surveying if you did not apply them.
Interview method is not widely used however it can be useful for small sample studies. It's perfect for case studies and for qualitative topics.
Example explanation.
Primary data was gathered through personal conversations with selected employees to get their opinions about the subject.
Employ the interviewing method only if you actually had a conversation with the respondents.
Secondary data is information that has been taken from another source. It is frequently used in the work of the ignou MCOM project.
The sources of secondary data are.
annual reports financial statement Books Research journals Company websites Government publications
Topics in finance and accounting typically require secondary information.
Example explanation.
The study is based on secondary data obtained from company annual reports and textbooks, journals, in addition to official website.
Secondary data is totally acceptable If it is appropriately mentioned.
People often believe that primary information looks better. It's not always so.
Choose primary data when.
The topic you are discussing involves opinions or the way of life.
You are able to speak to respondents
Size of the sample is easily manageable
Choose secondary data when.
The topic you choose is finance or accounting related.
Data is readily available via reports
Limitations on time
IGNOU is not penalizing projects on the basis of secondary information. What is important is proper analysis.
The sampling design explains why respondents or units were selected.
In the ignou MCOM project work the simple sampling method is sufficient.
Convenience sampling is among the most frequent method employed by students.
Example explanation.
The convenience sampling technique was utilized in order to select respondents on the basis of availability and accessibility.
This is real and has been recognized by IGNOU.
Random sampling might be mentioned in cases where respondents were picked randomly.
Example explanation.
Random sampling method was employed to select the respondents from the general population.
Only use this if the selection was truly random.
The sample size should be reasonable and easily manageable.
The most common sample sizes in IGNOU projects range from 30 to 100 participants for surveys.
For financial studies, sample size can refer to the number of years or businesses.
Example explanation.
The sample size is 50 participants from the selected company.
Or
The study includes financial information from five consecutive years.
Maintain this consistency with your analysis section.
The study period defines the timeframe of your study.
For topics on finance, make sure to mention your financial year clearly.
For survey topics, mention the duration of research.
Example.
The period of study covers the period of three months where data was collected and analyzed.
This shows organization and clarity.
Many of the ignou mcom submissions fall foul of mistakes that could easily be avoided.
Copying methodology from internet
Utilizing advanced terms without understanding
Inconsistency between objectives and methods
Making claims to primary information with no proof
Avoid these pitfalls to improve the quality of your work.
IGNOU evaluations are looking for.
Clarity
The flow of logic
Contextual relevance the topic
Transparent explanation
They do expect not to have perfect research. They require sincere effort.
A clear and simple methodology often scores better over a rewritten technical model.
Always take your time reading your objectives before creating your methodology. Each objective must be backed by a strategy.
If objective is to analyze financial performance, highlight the ratios.
If objective involves analyzing employee satisfaction, refer to questionnaire.
This alignment creates a strong impression.
The selection of the ideal research design and data collection method will not be about complexity. It's about the appropriateness. In an ignou mcom project simple, clear and straightforward decisions make the best choice.
Get to know your subject. Make sure you are honest with your information. Write in your own words. This alone can increase both scores and confidence.
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