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The choice of the appropriate research design and method for data collection is among the most confusing parts for students who are working on their IGNOU project. Many students begin their IGNOU MCOM Project Support mcom assignment without completely understanding the nature of research they actually are conducting. The result is that the methodology section appears poor, duplicated, or disconnected from the main topic.
This article concentrates on the steps to select an appropriate research plan and data collection methodology to be used in IGNOU MCom projects. It will explain concepts in a straightforward language and links them to practical examples so that students can quickly apply them.
Research design is the blueprint of your study. It outlines the direction of your project. If the research method isn't correct, everything else that goes along with data collection, research as well as conclusion becomes questionable.
IGNOU does not believe in complex or highly technical research design. They expect alignment. Design should be in line with goals, objectives, topic, as well as access to data.
Students lose marks often not simply because their topic is not good or their writing style is bad, but because the design isn't compatible with the objectives they've stated in their essay.
The research design will explain the type of research you're carrying out. It is the answer to three essential questions.
What is being looked at?
the reason it is being studied
What is being investigated
In ignou's MCOM project work, research design usually falls between the following groups.
This is one of the most commonly employed design in IGNOU MCom projects. It is utilized for projects that aim to describe a specific situation, condition, or performance.
This design can be used for topics like.
Satisfaction of employees
Customers' perception
Assessment of financial performance
Working capital management
Impact of training on employees
In descriptive research the researcher doesn't alter variables. The focus is solely on watching and describing the facts.
Example explanation.
The study employs a descriptive research design for the analysis of the current financial situation of the company based upon relevant data.
This design is secure to use, well-accepted, and easy explain in an ignou project for mcom.
Analytical research is utilized when the research goes beyond description to try to determine and compare performance trends.
This design is ideal when your project involves.
Ratio analyses
Analyse of trend
Comparative study between companies
Year wise financial evaluation
Many finance related ignou MCOM project subjects employ an analytical approach as well as descriptive design.
Example explanation.
The study is based on an analytical research style to assess financial performance of the company using trend analysis and ratios.
This shows depth but isn't complicated.
Exploratory research methods are employed for topics that are undefined or is not clear. It's less frequently used within IGNOU MCom projects but may be used in fields like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs the design of an exploratory study that seeks to discover the extent of employee awareness about the most recent accounting practices.
Use this design only if your subject really explores something unfamiliar.
For the best design take a look at these issues.
Am I describing an existing situation
Do I analyze the performance or trends
Are I examining some new ideas
If your answer is a description and not a description, then you should go with a descriptive design.
If it includes numbers or comparison, add analytical design.
If it has to do with understanding new ideas select exploratory design.
For the vast majority of ignou mcom project submissions an analytical and descriptive design will suffice.
After deciding on the research design the next step is deciding on the manner in which data will be collected. The method for collecting data must be compatible with your research design.
IGNOU allows both primary and secondary data. What is important is honesty as well as transparency.
Primary data are data that is collected at the point of collection by researchers for the first.
Common primary data tools include.
Questionnaire
Interview
Observation
Primarily-sourced data is helpful in projects that involve opinions or perceptions.
Topics that are suitable for data that is primary.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but aren't able to design them properly. IGNOU has not evaluated the questionnaire in depth, however it should look relevant and rational.
Guidelines for questionnaire design.
Make questions easy to understand
Avoid any technical words
Use closed ended questions
Connect questions to goals
Example description for methodology section.
Primary data was collected using an organized questionnaire that consisted of questions with a close-ended format that was designed according to the purpose of the study.
Do not assert advanced survey techniques if you did not use them.
The interview method is not very popular however it can be useful for small sample studies. It's a great option for case research and qualitative topics.
Example explanation.
The primary data was collected via personal interviews with employees to understand their views regarding the matter.
Use the interview method only if you actually had a conversation with the respondents.
Secondary data refers to information already collected by someone else. It is used extensively in the ignou MCOM project work.
Sources of secondary information include.
annual reports financial statement Books Research journals Company websites Government publications
Topics in finance and accounting typically depend on secondary data.
Example explanation.
The study is based on secondary data obtained from company annual reports journal articles, textbooks as well as official sites.
Secondary data is totally acceptable as long as it is properly referenced.
Students usually think that primary data appears superior. However, that's not always true.
Choose the primary information when.
Your topic involves opinions, or actions
You are able to speak to participants
Sample size is enough to handle the topic
Use secondary data only when.
Your topic is financial or accounting based.
Information is available with reports
Time is limited
IGNOU does not penalize projects based on secondary information. All that matters is accurate analysis.
Sampling design describes how respondents or units were chosen.
In ignou mcom project work easy sampling techniques are enough.
Convenience sampling is one of the most frequently used method for students.
Example explanation.
Convenience sampling was the method used to choose respondents based on accessibility and availability.
This is accurate and recognized by IGNOU.
Random sampling can be described in cases where respondents were picked randomly.
Example explanation.
Random sampling was the method employed to select respondents from the crowd.
Make sure to use this only in the event that the selection was actually random.
Sample size should be reasonable and controllable.
The most common sample sizes in IGNOU projects vary from 30 to 100 respondents for surveys.
To conduct financial analyses, the size of the sample could refer to the number years or companies.
Example explanation.
The sample size is 50 participants from the selected company.
Or
The study includes financial information of five years consecutively.
Maintain this consistency with your analysis section.
The duration of your study determines the time frame of your research.
For financial subjects, include the financial year clearly.
For survey topics, specify the length of data collection.
Example.
The period of study covers three months, during which data were gathered and analyzed.
This is a sign of planning and clarity.
Many of the submissions to ignou's MCOM projects fall foul of mistakes that could easily be avoided.
Copying methodology from online
Utilizing terms of the future without understanding
Uncertainty between objectives and methodological approach
Making claims to primary information with no proof
Avoid these mistakes to improve the quality of your project.
IGNOU evaluators look for.
Acuity
Logical flow
Contextual relevance the topic
An honest explanation
They don't require flawless research. They expect honest effort.
Simple and clearly explained approach usually performs better than a duplicated technical method.
Read your objectives thoroughly prior to writing the methodology. Each objective must be backed by a procedure.
If the goal is to analyse financial performance, list specific ratios.
If objective is to study the level of satisfaction among employees, you should mention questionnaires.
This alignment leaves a strong impression.
Selecting the most appropriate research design and data collection methodology does not require complexity. It's about adaptability. For an ignou MCOM project Simple choices that are clearly explained work best.
Get to know your subject. Make sure you are honest with your information. Write in your own words. This alone is a great way to improve both scores and confidence.
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