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Picking the appropriate research style and method for data collection is one of the most challenging aspects of the IGNOU project. Many students start writing their ignou mcom assignment without having a clear understanding of the type of research they're actually carrying out. This is why it appears as if the methodology is poor, duplicated, or disconnected from the topic.
This article concentrates on how to select an appropriate research strategy and data collection methodology with respect to IGNOU MCom projects. It clarifies concepts using a simple terms and connects them through practical examples to ensure that students can implement them easily.
Research design functions as an outline of your research. It outlines the direction of your project. If the research method is incorrect, everything that includes data collection, analysis and conclusion may be in question.
IGNOU does not expect complex or extremely technical research designs. They are looking for alignment. The design should match your goals, your topic, and availability of data.
Many students lose marks not due to their topic being poor however, their style does not reflect the objective they've outlined in their essays.
Research design describes the type of study you are conducting. It is the answer to three essential questions.
What is being studied
for? Why is it being investigated
What is being researched
In ignou's mcom projects research design is usually categorized to one of the aforementioned categories.
The descriptive design for research has become among the most frequently used design for IGNOU MCom projects. It is employed when the objective is to be able to describe a circumstance, condition, or a particular performance.
This design is ideal for subjects such as.
Customer satisfaction
Experience of the customers
Performance analysis
Working capital management
The impact of training on employees
In descriptive research researchers are not able to manipulate variables. The focus is only on being observant and describing facts.
Example explanation.
The study is based on an exploratory research approach for the analysis of the current financial position of the selected business using relevant data.
This design is secure and is easy to defend in an ignou mcom project.
Analytical research methods are employed when a study goes above description, and aims to study patterns of performance or relationships.
This design will work if your project involves.
Analyzing ratios
The trend analysis
Comparative study of companies
Year-wise financial evaluation
Many finance related ignou MCOM project areas employ analytical design in conjunction with descriptive design.
Example explanation.
The study employs an analytical research design to examine the financial performance of a company by way of trend and ratio analysis.
This indicates depth without sounding complicated.
Exploratory research designs are used when the topic is unfamiliar or unclear. It is less common on IGNOU MCom projects but may be employed in certain areas, such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows the design of an exploratory study in order to examine the knowledge of employees about new accounting practices.
This design should only be used when your subject truly explores something that is not familiar to you.
To pick the appropriate design take a look at these issues.
Do I describe an existing situation
Do I analyze the performance or trends
Are I examining the possibilities of a new concept
If the answer is "description and not a description, then you should go with a descriptive design.
If it involves numbers and comparison it is advisable to add an analytical style.
If it concentrates on gaining insight into new ideas select exploratory design.
For most ignou mcom project submissions that are descriptive and analytical, these designs are more than enough.
When the research concept is chosen The next step is deciding on the manner in which data will be collected. Data collection method should support the research design.
IGNOU accepts primary and secondary data. What is important is honesty as well as clarity.
Primary data refers to data gathered from the researchers directly for the first time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data are useful for projects that require opinions as well as perceptions and behavior.
Topics that are suitable on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but aren't able to design them properly. IGNOU is not evaluating the questionnaire deeply, but it ought to be relevant and logical.
Guidelines for questionnaire design.
Questions should be simple
Beware of the use of technical terms
Use close ended questions
Questions should be linked to goals
Example description for methodology section.
Primary data was gathered using a well-structured questionnaire comprising close ended questions designed according to the goals in the analysis.
Do not assert advanced survey methods if the method you used did not employ them.
Interview method isn't as popular but it's useful for small sample studies. It's useful for case research and qualitative issues.
Example explanation.
Primary data was collected through personal conversations with selected employees to find out their thoughts regarding the subject.
Utilize the interview technique only if you have actually spoken to respondents.
Secondary data refers to information already taken from another source. It is often used for the ignou project mcom work.
Sources of secondary data include.
Monthly reports and financial statements Books Research journals Company websites Government publications
Finance and accounting topics mostly depend on secondary data.
Example explanation.
The study is based on secondary data that was gathered from annual reports, textbooks, journals, and official websites.
Secondary data is totally acceptable If it is appropriately mentioned.
Students often think primary data appears prettier. However, that's not always true.
Make sure to select primary data when.
Your topic is about opinions or behaviour
You are able to speak to participants
Sample size is controlled
Make sure to use secondary data.
Your topic is either financial or accounting-related.
Data is readily available from reports
and reports. Time is not unlimited.
IGNOU doesn't penalize any projects on the basis of secondary data. What is important is proper analysis.
The sampling design explains why respondents or units were chosen.
In the work of IGNOU MCOM project synopsis - www.Psihmaster.com - mcom easy sampling techniques are enough.
The most convenient method of sampling is convenience sampling. often used method of student.
Example explanation.
Convenience sampling was the method used to choose respondents based on availability and accessibility.
This is a factual and valid assumption that has been recognized by IGNOU.
Random sampling is a possibility on the basis that respondents were selected randomly.
Example explanation.
Random sampling technique was employed to choose respondents from a large population.
Use this only if selection is actually random.
The size of the sample should be manageable and feasible.
The common sample sizes used in IGNOU projects vary from 30 and 100 respondents in surveys.
When it comes to financial analysis, sample size may refer to the number years or even companies.
Example explanation.
The sample size is 50 respondents from a selected organisation.
Or
The study includes financial information for five consecutive years.
It should be consistent with your analysis section.
Period of study defines the time frame of your study.
When discussing financial topics, you should mention the financial years in detail.
For survey topics, mention the duration of the collection of data.
Example.
The study spans the period of three months where data was gathered and then analyzed.
This is a sign of planning and clarity.
Many of the submissions to ignou's MCOM projects fail due to mistakes that are avoidable.
Copying methodologies from the internet
Utilizing advanced terminology without having a clear understanding
Mismatch between objectives and methodologies
Claiming primary information with no proof
Avoid these errors to improve your project quality.
IGNOU evaluators look for.
Accuracy
The flow of logic
Connection to topic
Accurate explanation
They don't want to be able to guarantee perfect research. They require sincere effort.
Simple and well explained technique usually scores higher than a copycat technical approach.
Always take your time reading your objectives before writing your approach. Each objective must be backed by a strategy.
If the objective is to study financial performance, list ratios.
If objective is to analyze employee satisfaction, provide a questionnaire.
This alignment makes a powerful impression.
The right research design and data collection technique can be done without worrying about complexity. It's about the appropriateness. In an ignoumcom project Simple choices that are clearly explained will work the best.
Find out the topic you are discussing. Keep your data honest. Write in your own language. This alone can increase both marks and confidence.
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