
Choosing the correct research design as well as the best method to collect data is among the most difficult aspects for students working on an IGNOU project. Many students start writing their ignou mcom project without knowing what research they are actually doing. Therefore, the methodology section is weak, rewritten, or out of sync with the subject.
This article focuses exclusively on the best way to choose an appropriate research strategy and data collection method appropriate for IGNOU MCom projects. It explains concepts in an easy language and links them with examples that students are able apply them effortlessly.
Research design functions as the blueprint of your study. It sets the direction for your project. If the research strategy doesn't work, everything else that follows data collection, analysis as well as conclusion becomes questionable.
IGNOU doesn't expect complicated or high-tech research designs. What they do expect is alignment. Your design should be in line with your goals, topic, as well as accessibility of information.
Many students get a grade not simply because their topic is not good, but because their design doesn't align with the purpose they've outlined in their essays.
Research design can explain what type of research you're carrying out. It provides answers to three key questions.
What is being studied
and why is it being researched
What is being researched
In ignou's MCOM project work research design is usually categorized between the following groups.
It is among the most frequently utilized design in IGNOU MCom projects. It is employed for projects that aim to define a condition, situation or a particular performance.
This design is suitable for subjects such as.
Customer satisfaction
Satisfaction of clients
Assessment of financial performance
Working capital management
Impact of training on employees
In descriptive research researchers are unable to alter variables. The primary focus is looking at and explaining existing facts.
Example explanation.
The study employs the pattern of a descriptive research study for the analysis of the current financial position of the selected business based on pertinent information.
This design is secure, accepted, and easy be defended in an ignou project for mcom.
Analytical research is a method of study when the study goes far beyond description and tries to analyze and compare performance trends.
This design is appropriate when the project you are working on includes.
Ratio study
Trend analysis
Comparative study conducted between companies
Year-wise financial evaluation
Many finance related ignou mcom topics for projects utilize analytical design along with descriptive design.
Example explanation.
The study uses an analytical research method to assess the financial performance of the firm with the help of ratios and trend analysis.
This shows depth but isn't complex.
Exploratory research is a method of conducting research in cases where the subject is fresh or has not been clearly defined. It's not so common in IGNOU MCom projects but may be used in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory design of research to investigate the awareness of employees about recent accounting practices.
Use this design only if the subject you're discussing is new.
When choosing the right style take a look at these issues.
Do I need to describe an existing situation
Do I analyze the performance of or trends
Do I am attempting to discover an idea that is new to me?
If the answer is "description it is best to go with descriptive designs.
If it is based on numbers and comparison, add analytical design.
If it is about understanding new ideas select exploratory design.
For most ignou mcom submissions Analytic and descriptive designs are more than enough.
After selecting the research method After deciding on the research design, the next task is deciding how data will be taken. Data collection method should support the research design.
IGNOU accepts primary and secondary data. The most important thing is honesty and clarity.
Primary data is information gathered on the spot by the investigator for the initial time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data can be useful to use when your project involves beliefs behaviour, perceptions.
Topics that are suitable for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but fail to design them correctly. IGNOU does not analyze the questionnaire to its fullest extent, however it ought to be relevant and rational.
Guidelines for questionnaire design.
Make questions easy to understand
Do not use technical language
Use closed ended questions
Be sure to link questions with objectives
Example description for methodology section.
Primary data were collected with an instrument that was structured and consisted of open-ended questions, designed according to the objectives from the study.
Do not make claims for advanced survey methods if you do not apply them.
Interview method is not widely used but it is effective for small-scale studies. It's a great option for case research and qualitative issues.
Example explanation.
Primarily, data was collected through personal conversations with selected employees to discover their views regarding the issue.
Only use the interview method if participants actually engaged with you.
Secondary data is data already collected by someone else. It is widely used in ignou mcom project work.
Data sources that are secondary include.
Annual reports Financial statements Books Research journals Company websites Government publications
Finance and accounting topics mainly are dependent on secondary data.
Example explanation.
The research is based on secondary data from company annual reports as well as textbooks, journals including official site websites.
Secondary data is completely acceptable provided it is properly cited.
The majority of students think that primary data will look better. However, that's not always true.
Choose primary data when.
Your topic is about opinions or behaviors
You have access to participants
Size of the sample is manageable
Select secondary data whenever possible.
It is a financial or accounting based.
The data is available with reports
This time is short
IGNOU is not penalizing projects based on secondary data. What matters is proper analysis.
Design of sampling explains how participants or units were picked.
In the work of ignou mcom the simple sampling method is sufficient.
Convenience sampling is one of the most common method used by students.
Example explanation.
A convenience sampling approach was implemented for selecting respondents based on accessibility and availability.
This is accurate and approved by IGNOU Project MCOM (https://gratisafhalen.be/author/lesterchow0/).
Random sampling may be mentioned in cases where respondents were picked randomly.
Example explanation.
Random sampling methods were used to select respondents from the population.
Make sure to use this only in the event that the selection was truly random.
Sample size should be reasonable and doable.
Sample sizes that are common in IGNOU projects vary from 30 to 100 people who take part in surveys.
To conduct financial analyses, the size of the sample can be used to refer the number years or the size of companies.
Example explanation.
The sample size is 50 people from the chosen organisation.
Or
The study covers financial data from five consecutive years.
Keep this consistent with your analysis section.
The duration of your study determines the length of your research.
For financial topics, mention financial years clearly.
For survey topics, mention the duration of the data collection.
Example.
The period of study covers three months over which data were gathered and analyzed.
This shows organization and clarity.
Many of the ignou mcom submissions fall foul of mistakes that could easily be avoided.
Copying methodology from online
Using advanced terms without knowing
Uncertainty between objectives and methods
Insisting on primary information without evidence
Make sure you avoid these mistakes in order to increase the quality of your project.
IGNOU assessors search for.
Acuity
Logical flow
relevance to the subject
Truthful explanation
They do expect not to have perfect research. They look for honest efforts.
Simple and well-explained procedure is usually more successful than an undocumented and copied technique.
Make sure you read your goals before making your writing strategy. Every objective must be supported by a strategy.
If objective is to analyze the financial performance of an organization, be sure to mention percentages.
If objective is to measure employee satisfaction, include a questionnaire.
This alignment gives a strong impression.
The choice of the best research design and data collection method doesn't mean complexity. It's about a good fit. When it comes to an ignou-mcom project simple, clear and straightforward decisions are most efficient.
Learn about your topic. Don't lie about your data. Write your thoughts in your own words. This alone is a great way to improve both scores and confidence.