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Picking the appropriate research style as well as the best method to collect data is one of the most confusing parts for students who are working on their IGNOU project. Students often begin writing their IGNOU MCOM project writing services mcom projects without knowing what research they're actually conducting. As a result, the methodology section seems thin, sloppy, or unrelated to the subject.
This article focuses on the steps to select an appropriate research plan and data collection technique for IGNOU MCom projects. It provides concepts in a simple language and links them by providing examples of how students are able to use them immediately.
Research design acts like an outline of your research. It sets the direction for your project. If the research strategy is wrong, then everything that includes data collection, analysis and conclusion may be in question.
IGNOU doesn't expect complicated or technical research designs. What they want is alignment. The design must be consistent with your objectives, the topic and availability of data.
Many students score low marks, not due to their topic being poor in the first place, but due to their design does not align with the goals the students have set out in their writing.
The research design will explain the type of study you're undertaking. It is a response to three questions.
What is being considered
and why is it being examined
How it is being researched
In the work of the ignou mcom project, research design usually falls to one of the aforementioned categories.
In general, descriptive research designs are the most widely used design for IGNOU MCom projects. It is employed for projects where the aim is to define a condition, situation, or perform.
This design is ideal for topics such as.
Employee satisfaction
Customers' perception
Performance analysis
Management of working capital
Effect of training on employees
In descriptive research researchers are not able to manipulate variables. It is all about observing and describing existing facts.
Example explanation.
The study follows an approach to descriptive research that aims to examine the current financial position of the selected firm using pertinent data.
This design is secure, accepted, and easy be defended in an ignou mcom project.
Analytical research methodology is used when the research goes beyond description and attempts to analyse relationships or performance trends.
This design is ideal when your work involves.
Analysis of ratios
Ratio analysis
Comparison study between companies
Year-wise financial evaluation
A variety of finance related ignou topics are based on analytical design alongside descriptive design.
Example explanation.
This study utilizes an analytical research methodology to analyze the financial performance of the company by using ratios and trend analysis.
This indicates depth without sounding complicated.
Exploratory research methodology is applied for topics that are new or not clearly defined. It's less frequently used with IGNOU MCom projects but may use in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows the design of an exploratory study to study the employee's perception of recent accounting practices.
This design should only be used when you are exploring something new.
To decide on the right design Consider these questions.
Am I describing a present situation
Do I look at the performance or trends
Am I investigating the possibility of a new idea
If your answer is descriptive then go for descriptive design.
If it includes numbers or comparison then add an analytical design.
If it seeks to understand new concepts go for exploratory design.
For most ignou mcom project submissions Analytic and descriptive designs are more than sufficient.
After selecting the research method Next step is deciding on the manner in which data will be collected. The method used to collect data should be in line with the research strategy.
IGNOU allows both primary and secondary data. It is the honesty and transparency.
Primary data are data that is collected via the individual researcher who is collecting data for only the second time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data can be useful for projects that require opinions behaviour, perceptions.
Topics 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 properly. IGNOU does not analyze the questionnaire, however it should appear appropriate and logical.
Guidelines for questionnaire design.
Answers should be straightforward
Beware of technical language
Use closed ended questions
Links questions to goals
Example description for methodology section.
Primary data was collected using a well-structured questionnaire comprising open-ended questions, designed according to the goals for the research.
Don't claim advanced survey methods if the method you used did not use them.
The interview method is not very popular but it is effective for small-scale studies. It's perfect for case studies and qualitative topics.
Example explanation.
Primary data was collected through personal interviews with selected employees to get their opinions on the topic.
Use the interviewing technique only if you actually had a conversation with the respondents.
Secondary data is data collected by someone else. It is used extensively in the ignou MCOM project work.
Secondary data sources include.
Annual reports Financial statements Books Research journals Company websites Government publications
Finance and accounting issues largely are dependent on secondary data.
Example explanation.
The study is based on secondary data gathered from companies' annual reports publications, textbooks and journals as well as official sites.
Secondary information is acceptable if properly mentioned.
The majority of students think that primary data is more appealing. It's not always the case.
Choose primary data when.
Your topic is about opinions or conduct
You have access to people
Sample size is acceptable
Use secondary data only when.
Your topic is financial, or accounting related.
The data is available in reports
But time is limited
IGNOU will not punish projects on the basis of secondary data. What is important is an accurate analysis.
Sampling design describes how respondents or units were picked.
For projects like ignou's mcom, simple sampling methods are enough.
Convenience sampling is the most commonly used method by students.
Example explanation.
The method of convenience sampling was employed to select participants based on availability and accessibility.
This is the truth and has been recognized by IGNOU.
Random sampling can be described in cases where respondents were picked randomly.
Example explanation.
Random sampling method was employed to identify respondents from the group.
This is only used if the selection was really random.
The size of the sample should be manageable and feasible.
The typical sample sizes for IGNOU projects range between 30 and 100 respondents in surveys.
In financial research, sample size can refer to the number of years or businesses.
Example explanation.
The sample size consists of 50 respondents from the chosen company.
Or
The study covers financial data for five consecutive years.
This should be consistent with the analysis section.
Period of study defines the duration of your study.
When discussing financial topics, you should mention financial years clearly.
For survey issues, list the time of research.
Example.
The study period consists of the period of three months where data were collected and analysed.
This shows planning and clarity.
Many ignou project submissions suffer due to avoidable mistakes.
Copying methods from the internet
using terms and concepts that are advanced without understanding
Discord between goals and methodology
in claiming primary data in the absence of evidence
Avoid these pitfalls to improve the quality of your project.
IGNOU evaluators look for.
The clarity
Clarity
Importance to the subject
Full explanation
They do expect not to have perfect research. They demand sincere efforts.
An easy and well-described method is often more effective over a copy of a technical procedure.
Always review your goals prior to creating your methodology. Each objective should be supported by a procedure.
If the goal is to analyze the financial performance of an organization, be sure to mention ratios.
If objective is to assess the level of satisfaction among employees, you should mention questionnaires.
This alignment gives a strong impression.
Selecting the most appropriate research design and data collection method cannot be a matter of complexity. The key is in the suitability. For an ignou mcom project easy choices, clearly explained are the best.
Find out the topic you are discussing. Be honest about your data. Write your thoughts in your own words. This alone can increase both scores and confidence.
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