Making the right choice in terms of research design and data collection method is one of the most ambiguous aspects for students working on an IGNOU project. A lot of students write their ignou-mcom project with no being able to clearly define what research they're actually carrying out. As a result, the methodology section appears thin, sloppy, or is disconnected from the theme.
The article focuses solely on the best way to choose an appropriate research design and data collection technique when working on IGNOU MCom projects. The article explains concepts in a simple language and connects them with examples in a way that students can apply them easily.
Research design acts like an outline of your research. It outlines the direction of your project. If the research strategy does not meet the criteria, everything that comes after data collection, analysis and conclusion can be considered questionable.
IGNOU does not have complex and highly technical research concepts. They are looking for alignment. The design should match your goals, topic, as well as the availability of data.
Students lose marks often not for the reason that their subject is bad however, their style isn't compatible with the objectives they've outlined in their essays.
Research design specifies the type of research you're conducting. It is a response to three questions.
What is being researched
What is being looked at
What is being researched
For ignou's MCOM projects research design is usually categorized to one of the aforementioned categories.
A descriptive research model is one of the most commonly used design in IGNOU MCom projects. It is utilized in cases where the purpose is to be able to describe a circumstance, condition, or a particular performance.
This design is suitable for topics like.
Satisfaction of employees
Perception of the customer
Financial performance analysis
Working capital management
The impact of training on employees
In descriptive research researchers are unable to alter variables. The research is focused on looking at and explaining existing facts.
Example explanation.
The study follows an exploratory research approach to examine the current financial position of the selected company by analyzing relevant data.
This design is safe and is easy to justify in an ignou mcom project.
Analytical research designs are used in research that goes beyond descriptions and attempts to look at relationship or performance trends.
This design is ideal when the project you are working on includes.
Analyzing ratios
The trend analysis
Comparison study between companies
year-long financial evaluation
Many finance related ignou mcom project areas employ analytical design along with descriptive design.
Example explanation.
The study adopts an analytical research method to assess the financial performance of a company through ratio and trend analysis.
This shows depth, but without sounding complex.
The exploratory research method is utilized for topics that are unclear or undefined. It's less popular for IGNOU MCom projects but may be used in fields like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory research model to understand employee awareness regarding new accounting practices.
This design should only be used when your subject really explores something that is not familiar to you.
When choosing the right style take a look at these issues.
Am I describing an existing situation
Do I examine the performance of or trends
Am I investigating the possibilities of a new concept
If the answer is "description then go for descriptive design.
If it includes numbers or comparison and analysis, you should add an analytical design.
If it focuses on understanding new ideas explore design.
For the majority of ignou MCOM project submissions detailed and analytical designs are more than sufficient.
After selecting the research method then the next stage is to decide how data should be taken. The method of data collection should complement your research idea.
IGNOU permits primary as well as secondary data. What is important is honesty, and transparency.
Primary data refers to data gathered directly by the researcher for the first time.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data can be helpful when you're working with opinions and perceptions.
Some examples of topics that would be suitable to be used as primary information.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but aren't able to design them properly. IGNOU does not examine the questionnaire deeply, but the design should be logical and rational.
Guidelines for questionnaire design.
Questions should be simple
Beware of the use of technical terms
Use close ended questions
Incorporate questions into objectives
Example description for methodology section.
Primary data was gathered using a structured questionnaire made up of close-ended questions that were developed according to the goals in the analysis.
Do not use advanced survey methods if the method you used did not use them.
Interview method isn't as popular however it can be useful for small sample studies. It works well for case studies and qualitative topics.
Example explanation.
The primary data was collected via individual interviews with employees to get their opinions about the matter.
Use the interviewing technique only if that you had actual interaction with respondents.
Secondary data is data already collected by someone else. The use of secondary data is widespread in projects like ignou's mcom.
The sources of secondary data are.
annual reports financial statement Books Research journals Company websites Government publications
Finance and accounting topics mainly require secondary information.
Example explanation.
The study relies on secondary information gathered from annual reports or textbooks. Journals, journal, along with official web sites.
Secondary data is entirely acceptable when properly referenced.
Students are often of the opinion that data from primary sources appears better. It's not always so.
Pick the primary data.
Your topic is about opinions or behavior
You are able to speak to people
Sample size is feasible
Use secondary data only when.
Your subject is finance or accounting based.
Data is accessible through reports
Time is limited
IGNOU MCOM project writing services (educhoice.co.uk) has no intention of penalizing any project on the basis of secondary data. What matters is the correct analysis.
The design of sampling describes how respondents or units were selected.
In ignou mcom project work, simple sampling methods are sufficient.
Convenience sampling is among the most common method used by students.
Example explanation.
The convenience sampling method was used to select participants based on accessibility and availability.
This is the truth and has been recognized by IGNOU.
Random sampling can be described if respondents were selected randomly.
Example explanation.
Random sampling was the method used to choose respondents from a large population.
Use this only in cases where the selection is actually random.
The sample size must be reasonable and easily manageable.
The most common sample sizes in IGNOU projects vary from 30 and 100 respondents in surveys.
Financial studies may require a sample size. the size of the sample could be a reference to number of years or businesses.
Example explanation.
The sample size consists of fifty respondents from the organisation.
Or
The study covers financial data of five consecutive years.
Be sure to keep this in line with your analysis section.
Period of study defines the time period for your research.
For financial subjects, include the year of financial reporting clearly.
For survey topics, include the time of research.
Example.
The period of study covers three months, during which data were collected and analysed.
This shows organization and clarity.
Many ignou mcom project submissions are ruined by mistakes that could have been avoided.
Copying methodology from online
using terms from the internet that are not understood without understanding
Uncertainty between objectives and the methodology
Making claims to primary data without evidence
Avoid these mistakes to improve the quality of your project.
IGNOU evaluations are looking for.
The clarity
Clarity
Relationship to the topic
Transparent explanation
They don't have the expectation of perfect research. They look for honest efforts.
Simple and well explained procedure is usually more successful than a duplicated technical method.
Make sure you read your goals before writing the methodology. Every goal should be backed by a process.
If the purpose is to examine financial performance, refer to those ratios.
If objective is to assess the level of satisfaction among employees, you should mention questionnaires.
This alignment creates a strong impression.
Picking the appropriate research design and data collection methodology will not be about complexity. It is about suitability. In an ignoumcom project simple and clear choices will work the best.
Be aware of your topic. Keep your data honest. Write in your own language. This alone can increase both marks and confidence.