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Finding the right research plan and data collection methodology is one of many of the most naive tasks of students working on their IGNOU project. Many students begin their ignou mcom assignment without completely understanding the nature of research they are actually doing. The result is that the methodology section is weak, rewritten, or is disconnected from the theme.
This article focuses on the best way to choose the most appropriate research design and data collection technique specifically for IGNOU MCom projects. It presents concepts in simple terms and connects them with examples that students are able to apply them quickly.
Research design functions as the blueprint of your study. It defines the direction of your project. If the research concept does not meet the criteria, everything that begins with data collection and analysis and conclusion is in doubt.
IGNOU is not looking for complex or highly technical research designs. They are looking for alignment. Your design should correspond to your goal, topic, and data availability.
Students lose marks often not because their subject is poor in the first place, but due to their design does not support the objectives they've outlined in their essays.
Research design explains what type of study you are conducting. It addresses three fundamental questions.
What is being examined
to determine why it's being examined
How it is being researched
In ignou mcom project work research design is usually categorized between the following groups.
The descriptive design for research has become one of the most commonly used design in IGNOU MCOM project topics (lineage2.hys.cz) MCom projects. It is employed when the objective is to explain a particular situation, condition or perform.
This design is appropriate for topics like.
Employee satisfaction
Experience of the customers
Evaluation of financial performance
Working capital management
Effect of training on employees
In descriptive research researchers don't alter variables. The research is focused on studying and describing the existing facts.
Example explanation.
The study is based on the method of descriptive research to examine the current financial position of the selected company based on relevant information.
This design is safe it is accepted and simple be defended in an mcom project.
Analytical research designs are used when the study goes far beyond descriptions and attempts to look at performances or relationship patterns.
This design is ideal if your project has.
Analysis of ratios
Tend analysis
Comparative study conducted between companies
Financial year-to-year evaluation
Many finance-related ignou topics for projects utilize analytical design as well as descriptive design.
Example explanation.
The study follows an analytical research style to assess financial performance of a company by way of trend and ratio analysis.
This shows depth but isn't complicated.
Exploratory research design is used for topics that are novel or unclear. It's less popular when it comes to IGNOU MCom projects but may be used in areas such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory approach to assess the level of awareness among employees regarding recent accounting practices.
Make use of this design only when you are exploring something new.
To pick the appropriate design To choose the best design, consider these questions.
Am I describing a present situation
Do I look at the performance of or trends
Am I investigating some new concepts
If your answer is descriptive that you want to convey, choose descriptive design.
If it involves numbers and comparison or analysis, consider adding analytical design.
If it is focused on understanding new ideas explore design.
For the vast majority of ignou mcom project submissions detailed and analytical designs are more than sufficient.
After selecting the research method the next step is deciding on the manner in which data will be collected. The method you choose for data collection must complement your research proposal.
IGNOU accepts primary and secondary data. What is important is honesty, and transparency.
Primary data is data collected at the point of collection by researchers for the first.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data are useful when you are working on projects that require opinions or beliefs, or even behavior.
Some examples of topics that would be suitable for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but do not design them correctly. IGNOU does not look at the questionnaire with a thoroughness, but it should look relevant and logical.
Guidelines for questionnaire design.
Questions should be simple
Do not use Technical language
Use short-ended questions
Connect questions to goals
Example description for methodology section.
Primary data was collected through the structured questionnaire, which consists of closed-ended questions that were designed according to the purpose from the study.
Do not claim the latest survey methods if you do not employ them.
The interview method is not very popular however it can be useful for small sample studies. It's ideal for case study and qualitative research topics.
Example explanation.
Primarily, data was collected through personal interviews with selected employees to discover their views about the matter.
Only use the interview method if you actually spoke to respondents.
Secondary data are data that has been collected by someone else. It is extensively used in the ignou MCOM project work.
Sources of secondary data include.
Monthly reports and financial statements Books Research journals Company websites Government publications
Finance and accounting topics mostly are dependent on secondary data.
Example explanation.
The research is based on secondary data gathered from annual reports as well as textbooks, journals as well as official sites.
Secondary data is completely acceptable provided that it is cited correctly.
Students often think primary data will look better. However, this is not always the case.
Select the primary data source when.
The subject of your discussion involves opinions or behavior
You have access to those who have an opinion
The size of the sample is controlled
Select secondary data whenever possible.
It is a financial or accounting based.
This information is available within reports
The time limit is set
IGNOU won't punish any of its projects based on secondary information. What is important is a proper analysis.
The design of sampling describes how respondents or units were chosen.
In the ignou MCOM project work basic sampling techniques are enough.
The most convenient method of sampling is convenience sampling. commonly used method by students.
Example explanation.
Convenience sampling was the method used to select respondents according to accessibility and availability.
This is true and is acknowledged by IGNOU.
Random sampling could be used when respondents were chosen randomly.
Example explanation.
Random sampling was the method used to pick respondents from the entire population.
Only apply this method if your selection was actually random.
The sample size should be acceptable and doable.
The typical sample sizes for IGNOU projects vary from 30 and 100 respondents in surveys.
for financial reports, the size of the sample may refer to the number years or businesses.
Example explanation.
The sample size consists of 50 participants from the chosen organization.
Or
The study includes financial information of five years consecutively.
You should keep this in line with your analysis section.
Period of study defines the duration of your research.
For financial topics, mention the financial year in a clear manner.
For survey subjects, indicate the length of gathering data.
Example.
The period of study covers 3 months during which information was gathered and then analyzed.
This shows planning and clarity.
A large number of submissions for projects to ignou are ruined by mistakes that could have been avoided.
Copying methodology from online
Using terms that are more advanced without understanding
Inconsistency between objectives and methods
Representing primary data with no evidence
Avoid these errors to improve the quality of your project.
IGNOU examiners look for.
Accuracy
Logical flow
Contextual relevance the topic
Accurate explanation
They do not want perfect research. They want genuine effort.
A straightforward and easily explained technique usually scores higher than an undocumented and copied technique.
Read your objectives thoroughly prior to formulating your strategy. Every goal should be backed by a process.
If the objective is to evaluate the financial performance of a company, make reference to ratios.
If objective is to determine the satisfaction of employees, reference questionnaire.
This alignment makes a powerful impression.
Finding the best research design and data collection technique cannot be a matter of complexity. It is about suitability. In an ignou project simple decisions that are explained clearly can be the most effective.
Be aware of your topic. Keep your data honest. Write your thoughts in your own words. This alone is a great way to improve both marks and confidence.
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