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Choosing the right research design and data collection technique is one of the most complicated aspects of students working on their IGNOU project. Students often begin writing their ignou-mcom project with no being able to clearly define what research they actually are conducting. Therefore, the methodology section looks weak, copied or disconnected from the topic.
This article will focus on the process of selecting the appropriate research methodology and data collection technique of IGNOU MCom projects. It presents concepts in simple words and provides them with concrete examples so that students are able to use them immediately.
Research design acts like an outline for your study. It sets the direction for your project. If your research design does not meet the criteria, everything that includes data collection, analysis and conclusion can be considered questionable.
IGNOU does not anticipate complex or technical research designs. What they do expect is alignment. The design should match your goal, topic, and access to data.
Students lose marks often not for the reason that their subject is bad but rather because their design does not align with the goals the students have set out in their writing.
Research design defines the kind of research you're conducting. It provides answers to three key questions.
What is being investigated?
Why it is being researched
How it is being studied
In the work of the ignou mcom project, research design usually falls into the one of those categories.
In general, descriptive research designs are the most frequently used design in IGNOU MCom projects. It is utilized for projects that seek to define a condition, situation, or a particular performance.
This design is appropriate to be used in areas such as.
Satisfaction of employees
Perception of the customer
Assessment of financial performance
Management of working capital
Training's impact on employees
In descriptive research the researcher doesn't alter variables. The focus is only on noting and describing existing facts.
Example explanation.
The study follows an exploratory research approach to examine the current financial position of the selected company by analyzing relevant data.
This design is secure it is accepted and simple to prove in an MCOM project.
Analytical research methods are employed in studies that go beyond description and attempts to analyse performances or relationship patterns.
This design will work if your project includes.
Analysis on ratio
Analyse of trend
Comparative analysis between companies
Year wise financial evaluation
A lot of finance-related ignou mcom project subjects employ an analytical approach along with descriptive designs.
Example explanation.
The study uses an analytical research approach to assess the financial performance of a company using trend analysis and ratios.
This indicates depth without sounding complex.
Exploratory research design is used for topics that are fresh or has not been clearly defined. It's less frequently used and is not used in IGNOU MCom projects but may be used in fields like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory research approach to investigate the awareness of employees about current accounting practices.
This design should only be used when your subject area is really exploring something that is not familiar to you.
To decide on the right design, ask yourself these questions.
Am I describing an existing situation
Do I examine either performance or trends
Am I investigating the possibility of a new idea
If your answer is description it is best to go with descriptive designs.
If it includes numbers or comparison with analytical designs.
If it is focused on understanding new ideas explore design.
In the majority of ignou mcom submissions Analytic and descriptive designs are more than enough.
Once research design is selected Following that, you must selecting the way in which data is taken. The method you choose for data collection must complement the research design.
IGNOU accepts primary and secondary data. The most important thing is honesty and transparency.
Primary data are the data that was collected directly by the researcher for the first time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primarily gathered data can be beneficial whenever your Project Report IGNOU MCOM requires opinions of perceptions, behavior, or other thoughts.
Examples of subjects that can be used the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but they don't design them in a proper manner. IGNOU does not analyze the questionnaire with a thoroughness, but the design should be logical and rational.
Guidelines for questionnaire design.
Keep questions simple
Beware of excessive technical vocabulary
Use short-ended questions
Be sure to link questions with goals
Example description for methodology section.
Primary data was obtained using an organized questionnaire that consisted of specific questions that are designed to be close to the goals from the study.
Don't claim advanced survey techniques if, in fact, you did not use them.
Interview methods are less popular but can be helpful for small-sample studies. It's ideal for case research and qualitative topics.
Example explanation.
The initial data collection was done through personal interviews with employees to find out their thoughts about the subject.
Utilize the interview technique only if you have actually spoken to respondents.
Secondary data are data that has been collected by someone else. It is often used for the ignou MCOM project work.
Sources of secondary data include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Finance and accounting topics mainly depend on secondary data.
Example explanation.
The study is based upon secondary data collected from company annual reports journal articles, textbooks in addition to official website.
Secondary data is totally acceptable If it is appropriately mentioned.
Most students believe that primary data will look better. This isn't always the case.
Choose the primary source of data.
Your topic involves opinions or behaviour
You have access to people
The size of the sample is achievable
Make sure to use secondary data.
Your topic is financial, or accounting-related.
Information is available through reports
The time limit is set
IGNOU cannot penalize projects on the basis of secondary data. The most important thing is that the analysis is done correctly.
The sampling design explains how respondents or units were chosen.
In the case of ignou's mcom project basic sampling techniques are sufficient.
Convenience sampling is one of the most common method used by students.
Example explanation.
A convenient sampling technique was employed to select participants based on availability and accessibility.
This is real and has been was accepted by IGNOU.
Random sampling can be described if respondents were selected randomly.
Example explanation.
Random sampling method was used to pick respondents from the entire population.
This only applies if the choice is actually random.
Sample size should be reasonable and be manageable.
Common sample sizes in IGNOU projects range from 30 to 100 participants for surveys.
When it comes to financial analysis, the size of the sample could refers to the number years or companies.
Example explanation.
The sample size consists of 50 respondents from a selected company.
Or
The study includes financial information of five consecutive years.
Make sure that this is consistent with your analysis section.
The duration of your study determines the period of time you will conduct your research.
When discussing financial topics, you should mention the financial years clearly.
For survey subjects, indicate the length of research.
Example.
The study period consists of three months in which data were gathered and analyzed.
This shows organization and clarity.
Many of the ignou mcom submissions get ruined due to a few mistakes that can be avoided.
Copying methods from the internet
using terms and concepts that are advanced without having a clear understanding
Discord between goals and methodological approach
in claiming primary information with no proof
Avoid these pitfalls to improve the quality of your work.
IGNOU Evaluators search for.
The clarity
Clarity
Connects to topic
Affirmative explanation
They do expect not to have perfect research. They are looking for genuine effort.
An easy to understand methodology often scores better than a duplicated technical method.
Always take your time reading your objectives before writing your methodology. Each objective must be backed through a system.
If the aim is to analyze financial performance, highlight ratios.
If objective is to determine employee satisfaction, provide a questionnaire.
This alignment creates a strong impression.
Picking the appropriate research design and data collection method has nothing to do with complexity. It's about the appropriateness. For an ignou MCOM project simple, clear and straightforward decisions perform best.
Be aware of your topic. Don't lie about your data. Write in your own language. That alone can improve both marks and confidence.
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