Selecting the best research design and data collection technique is one of the most confusing parts for students working on their IGNOU project. Students often begin writing their ignou mcom assignments without having a clear understanding of the type of research they're actually undertaking. As a result, the methodology section may appear thin, sloppy, or unrelated to the subject.
The article focuses solely on how to select the best research design and method of data collection that is suitable for IGNOU MCom projects. It will explain concepts in a straightforward terminology and ties them to examples so that students can easily apply them.
Research design functions as an outline for your study. It is the basis for your research project. If the research strategy is wrong, everything that begins with data collection and analysis and conclusion can be considered questionable.
IGNOU does not require complex or high-tech research designs. What they require is alignment. The design must be consistent with your goals, your topic, and the availability of data.
Many students do not lose marks due to their topic being poor However, the style of their work doesn't align with the purpose they've established in their paper.
Research design describes the type of study you're undertaking. It answers three major questions.
What is being looked at?
the reason it is being studied
What is being investigated
In the work of the ignou mcom project research design generally falls into one of the following categories.
Descriptive research design is one of the most commonly used design for IGNOU MCom projects. It is employed for projects where the aim is to provide a description of a situation, state, or performance.
This design is appropriate for topics like.
Satisfaction of employees
Customers' perception
Financial performance analysis
Management of working capital
Impact of training on employees
In descriptive research, the researcher does not alter variables. The main focus is studying and describing the existing facts.
Example explanation.
The study is based on a descriptive research design to assess the current financial situation of the company using relevant information.
This design is safe it is accepted and simple be defended in an ignou MCOM project.
Analytical research methods are employed when the research goes beyond description to try to determine relationship or performance trends.
This design is ideal when your project has.
Ratio Analysis
Research on trends
Comparative study conducted between companies
Year-long financial evaluation
A variety of finance related ignou topics for projects utilize analytical design as well as descriptive design.
Example explanation.
The study employs an analytic research model to assess the financial performance of the company by analyzing trends and ratios.
This shows depth, but without sounding complex.
Exploratory research methodology is applied for topics that are unfamiliar or unclear. It is less common for 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 employs an exploratory research methodology that seeks to discover the extent of employee awareness about the most recent accounting practices.
Use this design only when your subject is truly exploring something new.
To pick the appropriate design You should ask yourself these questions.
Do I describe an existing situation
Do I analyze the performance or trends
Do I am attempting to discover an idea that is new to me?
If your answer is description that you want to convey, choose descriptive design.
If it includes numbers or comparison or analysis, consider adding analytical design.
If it seeks to understand new concepts select exploratory design.
In most ignou MCOM project submissions, descriptive and analytical designs are more than adequate.
If you've chosen a research methodology Next step is picking the best method for data to be collected. The method of data collection should complement your research idea.
IGNOU accepts primary and secondary data. It is the honesty and clarity.
Primary data are the data that was collected in the direct presence of the research scientist for the very first time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primarily-sourced data is helpful whenever your project requires opinions and perceptions.
Topics suitable on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students utilize questionnaires but don't properly design them. IGNOU does not examine the questionnaire properly, but it should be designed to look appropriate and rational.
Guidelines for questionnaire design.
Answers should be straightforward
Beware of Technical language
Use closed ended questions
Link questions with objectives
Example description for methodology section.
The primary data was collected by using an organized questionnaire that consisted of questions with a close-ended format that was designed according to the goals of the study.
Don't claim advanced survey techniques if, in fact, you did not employ them.
The interview method is less well-known but it can be effective for small sample studies. It works well for case study and qualitative research topics.
Example explanation.
Primarily, data was collected through personal interviews with employees to understand their views regarding the issue.
Employ the interviewing method only if you have interacted with respondents.
Secondary data is data that was collected by a different person. It is used extensively in the ignou MCOM project work.
Data sources that are secondary include.
Reports on the financial statements for each year Books Research journals Company websites Government publications
Accounting and finance topics typically are dependent on secondary data.
Example explanation.
The research is based on secondary data that was gathered from annual reports publications, textbooks and journals as well as official sites.
Secondary data is entirely acceptable as long as it is properly referenced.
People often believe that primary information is more appealing. That is not always true.
Choose the primary source of data.
Your topic has to do with opinions or behaviors
You are able to speak to a variety of respondents
Sample size is achievable
Use secondary data only when.
The subject you are discussing is financial or accounting-related.
The data is available in reports
Time is limited
IGNOU cannot penalize projects based on secondary data. What matters is proper analysis.
Sampling design describes how respondents or units were chosen.
In the work of ignou mcom simply sampling techniques are enough.
Convenience sampling is the most often used method of student.
Example explanation.
A convenience sampling approach was implemented to select respondents based on availability and accessibility.
This is accurate and approved by IGNOU.
Random sampling is a possibility in cases where respondents were picked randomly.
Example explanation.
Random sampling method was used to identify respondents from the group.
Only use this if the selection was actually random.
The size of the sample should be manageable and manageable.
Sample sizes that are common in IGNOU projects range between 30 and 100 respondents in surveys.
When it comes to financial analysis, the size of the sample can be used to refer the number years or businesses.
Example explanation.
The sample size is 50 people from the chosen group.
Or
The study covers financial data for five consecutive years.
Keep this consistent with your analysis section.
The term "period of study" defines the timeframe of your research.
For topics related to finance, be sure to state the year of financial reporting clearly.
For survey issues, list the time of the collection of data.
Example.
The study period consists of three months of time during which data were gathered and analyzed.
This shows planning and clarity.
Many IGNOU Project MCOM (http://Hu.Feng.Ku.AngnUb.Xn--.U.K37@www.mandolinman.it/guestbook) mcom project proposals fall foul of mistakes that could easily be avoided.
Copying methodologies from the internet
using terms from the internet that are not understood without understanding
the difference between the objectives and methodology
Making claims to primary data without proof
Make sure you avoid these mistakes in order to increase the quality of your work.
IGNOU examiners look for.
Clearness
Clarity
Importance to the subject
Transparent explanation
They don't want to be able to guarantee perfect research. They want genuine effort.
An easy to understand technique usually scores higher than a copied technical one.
Always check your objectives prior to writing the methodology. Each objective must be backed by a procedure.
If your goal is to look at the performance of financials, you should mention percentages.
If objective is to analyze the satisfaction of employees, reference questionnaire.
This alignment gives a strong impression.
The choice of the best research design and data collection technique has nothing to do with complexity. It is about suitability. In a project like ignou mcom straightforward choices clearly outlined is the ideal way to go.
Know your subject. Be sincere about your data. Write in your own words. This alone can help improve scores and confidence.