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Finding the right research plan and data collection strategy is one of the most challenging aspects of the IGNOU project. A majority of students begin writing their ignou MCOM project without completely understanding the nature of research they are actually doing. The result is that your methodology section will appear lacking, copied, or disconnected from the topic.
This article focuses only on how to select the most appropriate research design and data collection methodology specifically for IGNOU MCom projects. It will explain concepts in a straightforward words and provides them to examples so that students can easily apply them.
Research design functions as the blueprint of your study. It defines the direction of your research project. If the research design is wrong, then everything that is based on data collection, analysis and conclusion may be in question.
IGNOU MCOM project writing services (global.gwangju.ac.kr) will not be able to provide complex or high-tech research designs. What they look for is alignment. Your design should correspond to your objectives, the topic and accessibility of information.
Many students do not lose marks for the reason that their subject is bad but rather because their design doesn't match the goals they've written.
Research design is the way to describe the kind of research you're carrying out. It addresses three fundamental questions.
What is being study?
why it is being studied
What is being investigated
For ignou's MCOM projects research design typically falls in one or more of these categories.
A descriptive research model is one of the most commonly utilized design in IGNOU MCom projects. It is utilized when the purpose is to explain a particular situation, condition, or a particular performance.
This design is ideal to be used in areas such as.
Employee satisfaction
Customer perception
Evaluation of financial performance
Management of working capital
The impact of training on employees
In descriptive research researchers do not alter variables. The emphasis is on studying and describing the existing facts.
Example explanation.
The study follows the design of a descriptive study in order to analyse the financial situation of the firm using pertinent data.
This design is safe easily accepted and easy be defended in an mcom project.
Analytical research is a method of study when the study goes beyond description, and aims to study connections or trends in performance.
This design is suitable if your project has.
Analysis of ratios
Tend analysis
Study of comparison between companies
Financial year-to-year evaluation
A lot of finance-related ignou mcom projects employ analytical design in conjunction with descriptive design.
Example explanation.
The study follows an analytical research approach to assess the financial performance of a company with the help of ratios and trend analysis.
This shows depth without sounding complex.
Exploratory research is a method of conducting research when the topic is unclear or undefined. It's less frequently used in IGNOU MCom projects but may apply to areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory research design to investigate the awareness of employees about new accounting practices.
Use this design only if your subject truly explores something unfamiliar.
To decide on the right design You should ask yourself these questions.
Do I want to present an existing situation
Do I look at the performance or patterns
Am I trying to understand some new concepts
If the answer is a description the design should be descriptive.
If it includes numbers or comparison and analysis, you should add an analytical design.
If it is about understanding new ideas explore design.
For most ignou mcom project submissions Analytic and descriptive designs are more than enough.
Once you've decided on a research strategy following the selection, the next step involves deciding how data will be taken. Data collection methods should align with your research concept.
IGNOU accepts primary and secondary data. What is important is honesty as well as transparency.
Primary data is information gathered in the direct presence of the research scientist for the very first time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data can be helpful when you're working with opinions as well as perceptions and behavior.
Examples of topics suitable on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but don't make them well-designed. IGNOU does not examine the questionnaire thoroughly, but it should be relevant and logical.
Guidelines for questionnaire design.
Simple questions should be asked.
Avoid Technical language
Use short-ended questions
Connect questions to goals
Example description for methodology section.
Primary data was gathered using an organized questionnaire comprised of close-ended questions that were developed according to the goals of the study.
Do not claim the latest survey techniques if, in fact, you did not employ them.
Interview method is not widely used but it's useful for small sample studies. It works well for case studies and qualitative subjects.
Example explanation.
Primary data was gathered via personal interviews with selected employees to gather their opinions regarding the subject.
Use the interviewing technique only if you have actually spoken to respondents.
Secondary data are data that has been taken from another source. This is a common practice 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 related to finance and accounting mainly require secondary information.
Example explanation.
The study relies on secondary information gathered from annual reports in textbooks, journals, textbooks also official portals.
Data that is secondary to the original source is perfectly acceptable if properly mentioned.
Students often think primary data will look better. However, this is not always the case.
Choose the primary information when.
The topic you are discussing involves opinions or conduct
You are able to speak to people
Size of the sample is reasonable
Make sure to use secondary data.
The topic you choose is finance or accounting related.
There is data available with reports
Time is limited
IGNOU has no intention of penalizing any project on the basis of secondary data. What matters is proper analysis.
Sampling design explains how respondents or units were chosen.
In ignou's MCOM project work, simple sampling methods are sufficient.
The most convenient method of sampling is convenience sampling. frequently utilized method for students.
Example explanation.
Convenience sampling method was adopted to select respondents based on accessibility and availability.
This is real and has been accepted by IGNOU.
Random sampling might be mentioned in the event that respondents were randomly selected.
Example explanation.
Random sampling was the method employed to select respondents from the crowd.
Use this only in cases where the selection was truly random.
The sample size should be acceptable and doable.
Standard sample sizes for IGNOU projects range from 30 to 100 respondents for surveys.
for financial reports, sample size may refer to number of years or companies.
Example explanation.
The sample size is 50 participants from the chosen organization.
Or
The study includes financial information from five consecutive years.
Make sure that this is consistent with your analysis section.
The term "period of study" defines the time frame of your research.
For topics related to finance, be sure to state the year of financial reporting clearly.
For survey topics, mention the duration of survey data collection.
Example.
The study spans the period of three months where data were collected and analysed.
This is a sign of planning and clarity.
Many ignou mcom project proposals fall foul of mistakes that could easily be avoided.
Copying methodology and methods from internet
using terms and concepts that are advanced without understanding
Mismatch between objectives and methodological approach
It is possible to claim primary data without supporting evidence
Avoid these pitfalls to improve the quality of your work.
IGNOU appraisers will look for.
Clearness
Clarity
Connection to the topic
Truthful explanation
They do not expect perfect research. They require sincere effort.
An easy to understand technique usually scores higher over a copy of a technical procedure.
Always read your objectives before you write your process. Every goal should be backed with a plan.
If the goal is to analyse financial performance, mention the ratios.
If objective is to evaluate employee satisfaction, use questionnaires.
This alignment makes a powerful impression.
Selecting the right research design and method for data collection will not be about complexity. It's about the appropriateness. When it comes to an ignou-mcom project Simple choices that are clearly explained will work the best.
Make sure you know your subject. Keep your data honest. Write your thoughts in your own words. This alone can help improve scores and confidence.
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