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Deciding on the most appropriate research design and method for data collection is among the most difficult aspects for students who are working on their IGNOU project. A lot of students write their ignou mcom assignment without really knowing what research they actually are conducting. Thus, the methodology section can appear poor, duplicated, or out of touch with the topic.
This article focuses exclusively on the best way to choose an appropriate research design and method of data collection of IGNOU MCom projects. It presents concepts in simple language and links them with practical examples so that students can implement them easily.
Research design is a plan for your study. It outlines the direction of your research project. If the research design is wrong, then everything that begins with data collection and analysis, and conclusion becomes questionable.
IGNOU will not be able to provide complex or extremely technical research designs. They are looking for alignment. The design should be a reflection of your objectives, the topic and information availability.
Many students score low marks, not because their subject is poor or their writing style is bad, but because the design doesn't match the goals they've stated in their essay.
Research design explains what type of study you are conducting. It addresses three fundamental questions.
What is being researched
the reason it is being investigated
What is being researched
In ignou's MCOM project work, research design usually falls under one of the following types.
The Descriptive Research Design is the most frequently utilized design in IGNOU MCom projects. It is employed for projects where the aim is to describe a specific situation, condition, or perform.
This design can be used for subjects such as.
Customer satisfaction
Experience of the customers
Assessment of financial performance
Working capital management
The impact of training on employees
In descriptive research researchers are unable to alter variables. The main focus is looking at and explaining existing facts.
Example explanation.
The study employs an approach to descriptive research that aims to examine the current financial position of the selected company using relevant data.
This design is safe to use, well-accepted, and easy be defended in an MCOM project.
Analytical research design is employed when a study goes above description and seeks to understand connections or trends in performance.
This design is appropriate if your project includes.
Ratio analysis
Tend analysis
Comparative study between companies
year-long financial evaluation
Many finance related ignou MCOM projects employ analytical design alongside descriptive design.
Example explanation.
The study uses an analytical research approach to assess the financial performance of the business through trend analysis and ratio analysis.
This shows depth but isn't complicated.
Research design that is exploratory is often used for topics that are undefined or is not clear. It is less common with IGNOU MCOM project topics; http://1577-1772.com, MCom projects but may apply to areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory research approach to determine the perception of employees about new accounting practices.
Use this style only when your topic is really exploring something new.
In order to choose the most appropriate design consider these questions.
Am I writing about an existing situation
Do I look at developments or performance
Do I want to explore the possibilities of a new concept
If the answer is "description that you want to convey, choose descriptive design.
If it includes numbers or comparison with analytical designs.
If it has to do with understanding new ideas select exploratory design.
For most ignou mcom project submissions detailed and analytical designs are more than sufficient.
After deciding on the research design then the next stage is to decide how data should be collected. The method used to collect data should be in line with your research concept.
IGNOU accepts primary and secondary data. What is important is honesty, and clarity.
Primary data refers to data gathered on the spot by the investigator for the initial time.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data can be helpful when you're working with opinions as well as perceptions and behavior.
Some examples of topics that would be suitable in primary research.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students utilize questionnaires but do not design them properly. IGNOU does not review the questionnaire thoroughly, but it needs to appear legitimate and logical.
Guidelines for questionnaire design.
Keep questions short and simple
Beware of technical language
Use close ended questions
Be sure to link questions with objectives
Example description for methodology section.
The primary data was collected by using a structured questionnaire made up of closely-ended, standardized questions designed in accordance to the purpose used in this research.
Do not use advanced survey techniques if you did not use them.
The interview method is not very popular but it's useful for small sample studies. It's great for case studies and for qualitative topics.
Example explanation.
Primary data was gathered through personal interviews with employees to learn their perspectives on the matter.
Employ the interviewing method only if you actually had a conversation with the respondents.
Secondary data is data stored by an individual. It is often used for the work of the project ignou mcom.
Sources of secondary information include.
Statements of financial positions Books Research journals Company websites Government publications
Finance and accounting topics mainly depend on secondary data.
Example explanation.
The study is based on secondary data collected from company annual reports, textbooks, journals, in addition to official website.
Secondary data is completely acceptable when properly referenced.
People often believe that primary information appears better. However, that's not always true.
Pick the primary data.
Your subject is a source of opinions or behaviors
You are able to speak to those who have an opinion
Size of the sample is acceptable
Choose secondary data when.
Your topic is financial or accounting-related.
There is data available via reports
Time is limited
IGNOU has no intention of penalizing any project based on secondary data. What matters is proper analysis.
Sampling design describes how respondents or units were chosen.
In ignou's MCOM project work using simple sampling methods is sufficient.
The most convenient method of sampling is convenience sampling. frequently used method for students.
Example explanation.
The method of convenience sampling was employed in order to select respondents on the basis of availability and accessibility.
This is the truth and has been it is accepted by IGNOU.
Random sampling can be described in cases where respondents were picked randomly.
Example explanation.
Random sampling was the method used to pick respondents from the entire population.
Use this only if selection was truly random.
The size of the sample must be reasonable and manageable.
The most common sample sizes in IGNOU projects range from 30 to 100 participants for surveys.
For financial studies, the size of the sample can be used to refer the number years or companies.
Example explanation.
The sample size is fifty respondents from the organization.
Or
The study includes financial information from five consecutive years.
Be sure to keep this in line with your analysis section.
Study period is the time frame of your study.
For topics related to finance, be sure to state the financial year clearly.
For survey topics, mention the duration of data collection.
Example.
The period of study covers three months of time during which data were gathered and analyzed.
This shows organization and clarity.
Many of the submissions to ignou's MCOM projects are ruined by mistakes that could have been avoided.
Copying methodology from online
Using advanced terms without understanding
The objectives are not compatible and methodologies
It is possible to claim primary data in the absence of evidence
Avoid these errors to improve the quality of your project.
IGNOU evaluators look for.
Clarity
Clarity
Relevance to the subject
Honest explanation
They don't require flawless research. They expect genuine effort.
Simple and well-explained approach is often better than a copycat technical approach.
Be sure to read your objectives prior to formulating your strategy. Every goal must be backed with a plan.
If objective is to analyze the financial performance of an organization, be sure to mention ratios.
If objective is to analyze employee satisfaction, use questionnaires.
This alignment makes a powerful impression.
Finding the best research design and data collection technique does not require complexity. It's about a good fit. In an ignou project simple, clear and straightforward decisions are the best.
Make sure you know your subject. Be honest about your data. Write in your own language. It can boost both marks and confidence.
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