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Making the right choice in terms of research design and the method of collecting data is among many of the most naive tasks for students completing their IGNOU project. A lot of students begin writing their ignou mcom assignments without fully understanding the kind of research they actually are conducting. So, your methodology section will appear lacking, copied, or out of touch with the topic.
This article focuses exclusively on the best way to choose the right research design and data collection methodology when working on IGNOU MCom projects. It describes concepts in a simple language and links them directly by providing examples of how students can easily apply them.
Research design is a blueprint for your study. It sets the direction for your research project. If the design of your research doesn't work, everything else that will follow data collection and conclusion is in doubt.
IGNOU does not expect complex and highly technical research concepts. What they expect is alignment. Your design should correspond to your goals, subject, and access to data.
Students lose marks often not because their subject is poor however, their style doesn't match the goals they've set for themselves.
Research design specifies the type of study you're conducting. It answers three basic questions.
What is being researched
why it is being looked at
How it is being studied
In ignou's project work research design typically falls into the one of those categories.
The Descriptive Research Design is the most widely used design for IGNOU MCom projects. It is used for projects where the aim is to explain a particular situation, condition, or perform.
This design is ideal for topics such as.
Satisfaction of employees
Affects the perception of customer
Analyzing financial performance
Management of working capital
The impact of training on employees
In descriptive research the researcher doesn't manipulate variables. The focus is on observing and describing existing facts.
Example explanation.
The study employs an analytical research plan for analyzing the present financial situation of the company using relevant data.
This design is secure and is easy to defend in an ignou MCOM project.
Analytical research methodology is used when the study goes far beyond description and attempts to analyse performances or relationship patterns.
This design is ideal when your project has.
Analyzing ratios
Ratio analysis
Comparative analysis between companies
Year-long financial evaluation
A lot of finance-related ignou mcom project subjects employ an analytical approach in addition to descriptive design.
Example explanation.
The study employs an analytic research methodology to analyze the financial performance of the company by using ratios and trend analysis.
This shows depth without sounding complicated.
Exploratory research methods are employed when the subject is undefined or is not clear. It is not as common when it comes to IGNOU MCom projects but may be utilized in other areas such as.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory research model to assess the level of awareness among employees regarding the most recent accounting practices.
Use this design only if you are exploring something unexplored.
To select the right design to choose the right design, you must ask these questions.
Are I describing an existing situation
Do I analyze the performance or trends
Do I am attempting to discover some new ideas
If the answer is "description and not a description, then you should go with a descriptive design.
If it includes numbers or comparison and analysis, you should add an analytical design.
If it seeks to understand new concepts take a look at exploratory design.
In most ignou MCOM project submissions detailed and analytical designs will suffice.
When you have chosen the research plan After deciding on the research design, the next task is deciding how data will be collected. The method you choose for data collection must complement your research concept.
IGNOU permits primary as well as secondary data. What is important is honesty as well as transparency.
Primary data refers to data gathered at the point of collection by researchers for the first.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primarily-sourced data is helpful to use when your project involves beliefs about behavior, perceptions, or.
Examples of topics that are appropriate in primary research.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students employ questionnaires and do not design them correctly. IGNOU has not evaluated the questionnaire, however it ought to be relevant and rational.
Guidelines for questionnaire design.
Be sure to keep questions simple
Avoid any technical words
Make sure you answer close-ended questions
Link questions with objectives
Example description for methodology section.
Primary data was gathered using a well-structured questionnaire comprising close ended questions designed according to the objectives that the investigation was aiming for.
Do not use advanced survey methods if you do not apply them.
Interview method isn't as popular but it's useful for small sample studies. It's great for cases studies and qualitative topics.
Example explanation.
Primary data was gathered through personal interviews with selected employees to discover their views about the issue.
Only use the interview method if that you had actual interaction with respondents.
Secondary data refers to data already that was collected by a different person. It is widely used in the ignou project mcom work.
The sources of secondary data are.
Yearly reports, financials Books Research journals Company websites Government publications
Accounting and finance subjects mainly depend on secondary data.
Example explanation.
The research is based on secondary data from company annual reports in textbooks, journals, textbooks as well as official sites.
Secondary information is perfectly acceptable provided that it is cited correctly.
Students often think primary data appears better. This isn't always the case.
Use primary data only when.
Your topic is about opinions or the way of life.
You have access to the people who are responding
Size of the sample is manageable
Use secondary data only when.
Your topic is financial, or accounting based.
Information is available within reports
This time is short
IGNOU MCOM project submission guide ; blog post from Noktaestates, is not penalizing projects on the basis of secondary information. All that matters is accurate analysis.
Sampling design explains how respondents or units were chosen.
In the ignou MCOM project work using simple sampling methods is sufficient.
Convenience sampling is the most frequent method employed by students.
Example explanation.
A convenience sampling approach was implemented in order to pick respondents based upon accessibility and availability.
This is the truth and has been acknowledged by IGNOU.
Random sampling can be described in cases where respondents were picked randomly.
Example explanation.
Random sampling method was employed to choose respondents from a large population.
Only use this if the selection is actually random.
Size of the sample should be appropriate and easily manageable.
Sample sizes that are common in IGNOU projects vary from 30 and 100 respondents in surveys.
In financial research, sample size can be used to refer the number years or companies.
Example explanation.
The sample size is 50 people from the chosen organization.
Or
The study covers financial data of five consecutive years.
Be sure to keep this in line with your analysis section.
Study period is the time period for your study.
For financial subjects, include the year of financial reporting clearly.
For survey topics, provide the time of gathering data.
Example.
The study period consists of three months, during which time data were collected and analysed.
This shows organization and clarity.
A lot of ignou MCOM project submissions fall foul of mistakes that could easily be avoided.
Copying methodology and methods from internet
Utilizing terms of the future without knowing
A mismatch between objectives and methodology
Representing primary data without proof
Beware of these mistakes and improve your project quality.
IGNOU appraisers will look for.
Clearness
Logical flow
Relationship to the subject
Full explanation
They do not expect perfect research. They expect honest effort.
Simple and clearly explained process is more likely to score higher over a rewritten technical model.
Always check your objectives prior to creating your methodology. Each objective must be backed by a methodology.
If the objective is to evaluate financial performance, refer to ratios.
If objective is to examine employee satisfaction, use questionnaires.
This alignment creates a strong impression.
Picking the appropriate research design and data collection technique is not about complexity. It's about being able to use it. When it comes to an ignou-mcom project, simple choices explained clearly are the best.
Be aware of the subject. Keep your data honest. Write in your own words. The simple act of writing can help you improve your marks and confidence.
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