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Finding the right research plan and the method of collecting data is among many of the most naive tasks for students who are working on their IGNOU project. Students often begin writing their ignou project without completely understanding the nature of research they're actually carrying out. In the end, your methodology section will appear uninspired, copied, or out of sync with the subject.
This article focuses on the process of selecting the right research design and method of data collection to be used in IGNOU MCom projects. It provides concepts in a simple language and connects them with practical examples so that students can apply them easily.
Research design acts like a plan for your study. It outlines the direction of your research project. If the research design is flawed, everything that will follow data collection as well as conclusion becomes questionable.
IGNOU does not anticipate complex or highly technical research designs. What they want is alignment. Your design should correspond to your goals, objectives, topic, as well as availability of data.
Many students do not lose marks due to the topic being bad but rather because their design doesn't align with the purpose they've stated in their essay.
Research design specifies the type of study you're undertaking. It is a response to three questions.
What is being considered
why it is being investigated
How it is being researched
In the ignou mcom project work research design typically falls within one of the categories below.
Description research is among the most frequently utilized design in IGNOU MCom projects. It is used for projects where the aim is to explain a particular situation, condition, or a particular performance.
This design can be used to be used in areas such as.
Customer satisfaction
Customer perception
Financial performance analysis
Working capital management
Training's impact on employees
In descriptive research researchers don't manipulate variables. The research is focused on being observant and describing facts.
Example explanation.
The study employs an outline research method to examine the current financial position of the selected business using relevant data.
This design is safe easily accepted and easy to defend in an project for mcom.
Analytical research is a method of study for research that goes beyond description, and aims to study connections or trends in performance.
This design will work if the project you are working on includes.
Ratio analysis
Ratio analysis
Comparative study conducted between companies
Year-wise financial evaluation
Many finance related ignou MCOM project work IGNOU [immortalforum.awardspace.biz] projects use analytical design in addition to descriptive design.
Example explanation.
The study employs an analytical research design to evaluate the financial performance of the business by using ratios and trend analysis.
This shows depth, but without sounding complicated.
Exploratory research designs are used when the subject is fresh or has not been clearly defined. It is less frequent for IGNOU MCom projects but may be utilized in other areas such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory research approach in order to examine the knowledge of employees about new accounting practices.
Use this design only if your subject really explores something new.
When choosing the right style consider these questions.
Do I describe an existing situation
Do I examine the performance of or trends
Am I exploring the possibilities of a new concept
If the answer is a description it is best to go with descriptive designs.
If it is based on numbers and comparison then add an analytical design.
If it concentrates on gaining insight into new ideas take a look at exploratory design.
For the vast majority of ignou mcom project submissions Analytic and descriptive designs are more than sufficient.
After selecting the research method Next step is choosing the method by which data will be taken. The method for collecting data must be compatible with your research proposal.
IGNOU allows both primary and secondary data. What matters is honesty and clarity.
Primary data are the data that was collected straight by the researcher in their first attempt.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data is valuable to use when your project involves beliefs or perceptions.
Examples of topics that are appropriate for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Most students fill out questionnaires but don't properly design them. IGNOU doesn't evaluate the questionnaire to its fullest extent, however it should be relevant and logical.
Guidelines for questionnaire design.
Make questions easy to understand
Avoid excessive technical vocabulary
Make sure you answer close-ended questions
Be sure to link questions with objectives
Example description for methodology section.
Primary data was collected through an organized questionnaire that consisted of specific questions that are designed to be close to the objectives in the analysis.
Do not use advanced survey techniques if they did not use them.
Interviews aren't very common but it can be effective for small sample studies. It's perfect for case study and qualitative research topics.
Example explanation.
Primarily, data was collected through individual interviews with employees in order to gain insight into their opinions about the topic.
Only use the interview method if you actually interacted with respondents.
Secondary data refers to data already acquired by a third party. It is commonly used in ignou mcom project work.
The sources of secondary data are.
Statements of financial positions Books Research journals Company websites Government publications
Finance and accounting topics mainly are dependent on secondary data.
Example explanation.
The research is based on secondary data that was gathered from annual reports in textbooks, journals, textbooks or official internet sites.
Secondary data is entirely acceptable as long as it is properly referenced.
Students tend to think that primary data appears more attractive. However, this is not always the case.
Choose the primary source of data.
Your topic may involve opinions or behaviors
You are able to speak to respondents
The size of the sample is manageable
Make sure to use secondary data.
Your topic is financial or accounting based.
Data is accessible within reports
Limitations on time
IGNOU cannot penalize projects on the basis of secondary data. What is important is proper analysis.
Design of sampling explains how participants or units were selected.
In the ignou project work the simple sampling method is enough.
Convenience sampling is among the most frequently used method for students.
Example explanation.
Convenience sampling is a method to select participants based on availability and accessibility.
This is an accurate assumption and is was accepted by IGNOU.
Random sampling may be mentioned when respondents were randomly selected.
Example explanation.
Random sampling was employed to select respondents from the crowd.
This is only used if the selection was not random.
The sample size should be reasonable and manageable.
Standard sample sizes for IGNOU projects range from 30 to 100 respondents for surveys.
To conduct financial analyses, sample size could refer to the number of years or even companies.
Example explanation.
The sample size is 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 timeframe of your study.
For topics related to finance, be sure to state the years of financial data clearly.
For survey topics, include the time of the data collection.
Example.
The study period consists of three months of time during which data were gathered and analyzed.
This shows organization and clarity.
Many submissions to projects submitted by ignou suffer from mistakes that could be avoided.
Copying methods from the internet
Using terms that are more advanced without having a clear understanding
Discord between goals and methodological approach
Insisting on primary data without proof
Avoid these errors to improve the quality of your work.
IGNOU evaluaters look for.
The clarity
Logical flow
Contextual relevance the topic
Honest explanation
They do not want perfect research. They expect genuine effort.
An easy to understand methodology often scores better than a duplicated technical method.
Always read your objectives before you write your process. Every goal should be backed by a method.
If the purpose is to examine financial performance, list ratios.
If objective is to examine employee satisfaction, provide a questionnaire.
This alignment creates a strong impression.
Selecting the most appropriate research design and data collection method cannot be a matter of complexity. It's about the appropriateness. For an ignou MCOM project simple, clear and straightforward decisions will work the best.
Make sure you know your subject. Keep your data honest. Write in your own words. It can boost both marks and confidence.
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