Deciding on the most appropriate research design and method of data collection is one of the most complicated aspects for students working on an IGNOU project. Many students begin writing their ignou mcom assignments without realizing what research they are actually doing. The result is that the methodology section may appear lacking, copied, or unrelated to the subject.
This article concentrates on how to select the appropriate research methodology and data collection technique specifically for IGNOU MCom projects. It explains concepts in simple language, and then links them with examples in a way that students can quickly apply them.
Research design acts like an outline for your study. It is the basis for your project. If the design of your research is wrong, then everything that follows data collection, analysis as well as conclusion becomes questionable.
IGNOU does not believe in complex and highly technical research concepts. They are looking for alignment. Your design should correspond to your objectives, the topic and availability of data.
Students often lose marks not just because their content isn't good however, their style does not align with the goals they have written.
Research design provides the details of what kind of study you are conducting. It answers three basic questions.
What is being researched
for? Why is it being looked at
How it is being studied
In ignou's project work research design typically falls among the following classes.
The Descriptive Research Design is the most commonly used design for IGNOU MCom projects. It is utilized when the purpose is to explain a particular situation, condition, or performance.
This design is ideal for subjects such as.
Satisfaction of employees
The perception of customers
Financial performance analysis
Working capital management
Effect of training on employees
In descriptive research The researcher is not allowed to manipulate variables. The focus is on observing and describing existing facts.
Example explanation.
The study employs the pattern of a descriptive research study to analyze the present financial situation of the company based on relevant information.
This design is safe easily accepted and easy to justify in an ignou MCOM project.
Analytical research methods are employed when a study goes above descriptions and attempts to investigate relations or performance trends.
This design will work if your project has.
Ratio analyses
The trend analysis
Comparative study conducted between companies
Year-to-year financial evaluation
Many finance-related ignou project subjects employ an analytical approach along with descriptive design.
Example explanation.
The study implements an analytical research model to assess the financial performance of the business by way of trend and ratio analysis.
This shows depth, but without sounding complex.
Exploratory research methods are employed in cases where the subject is novel or unclear. It is not as common and is not used in 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 employs the design of an exploratory study to understand employee awareness regarding recent accounting practices.
Use this design only when your topic is really exploring something unfamiliar.
To pick the appropriate design consider these questions.
Do I need to describe an existing situation
Am I analyzing developments or performance
Are I researching some new ideas
If the answer is "description of a concept, you can choose a descriptive style.
If it includes numbers or comparison it is advisable to add an analytical style.
If it seeks to understand new concepts then go with exploratory designs.
To be used for most ignou-mcom project submissions conceptual and analytical designs are more than enough.
After selecting the research method, the next step is deciding on the manner in which data will be collected. The data collection method must fit the research design.
IGNOU accepts primary and secondary data. It is the honesty and clarity.
Primary data are the data that was collected straight by the researcher in their first attempt.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primarily-sourced data is helpful when your project involves opinions about behavior, perceptions, or.
Examples of topics suitable to be used as primary information.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but don't properly design them. IGNOU does not look at the questionnaire, however it ought to be relevant and rational.
Guidelines for questionnaire design.
Keep questions short and simple
Do not use the use of technical terms
Use short-ended questions
Be sure to link questions with objectives
Example description for methodology section.
Primary data were collected with a well-structured questionnaire comprising closed-ended questions that were designed according to the purposes from the study.
Don't claim advanced survey techniques if you did not employ them.
Interview method isn't as popular but useful for small sample studies. It works well for case study and qualitative research topics.
Example explanation.
The initial data collection was done through personal interviews with selected employees in order to gain insight into their opinions on the matter.
Interview method only when you actually had a conversation with the respondents.
Secondary data is information that has been that was collected by a different person. This is a common practice in projects like ignou's mcom.
Sources of secondary data include.
The annual report Financial statement Books Research journals Company websites Government publications
Topics related to finance and accounting mainly are dependent on secondary data.
Example explanation.
The study is based on secondary data obtained from company annual reports in textbooks, journals, textbooks and official websites.
Secondary information is perfectly acceptable provided that it is cited correctly.
People often believe that primary information appears superior. It's not always so.
Pick the primary data.
Your subject is a source of opinions or behaviour
You are able to speak to respondents
Size of the sample is achievable
Select secondary data whenever possible.
The topic you choose is finance or accounting-related.
Information is available as reports
It is time-bound
IGNOU has no intention of penalizing any project on the basis of secondary information. What is important is an accurate analysis.
This design describes how the respondents or units were chosen.
In ignou's MCOM project work IGNOU , webpage, project work with simple sampling techniques sufficient.
The most convenient method of sampling is convenience sampling. frequently used method for students.
Example explanation.
A convenient sampling technique was employed in order to select respondents on the basis of availability and accessibility.
This is realistic and recognized by IGNOU.
Random sampling might be mentioned when respondents were chosen randomly.
Example explanation.
Random sampling method was used to choose respondents from a large population.
Only apply this method if your selection occurred at random.
The size of the sample should be manageable and easily manageable.
Sample sizes that are common in IGNOU projects vary from 30 to 100 people who take part in surveys.
for financial reports, sample size can be used to refer the number years or companies.
Example explanation.
The sample size is 50 people who are part of the organization.
Or
The study includes financial information of five years consecutively.
Keep this consistent with your analysis section.
The time period of study is the time frame of your research.
In the case of financial topics, indicate the year of financial reporting clearly.
For survey topics, specify the length of the collection of data.
Example.
The study spans three months during which data were collected and analysed.
This shows planning and clarity.
A lot of ignou MCOM project submissions suffer from mistakes that could be avoided.
Copying methodology from online
using terms from the internet that are not understood without understanding
Mismatch between objectives and methods
Making claims to primary data without supporting evidence
Make sure you avoid these mistakes in order to increase the quality of your work.
IGNOU evaluaters look for.
Klarity
The flow of logic
relevance to the topic
Accurate explanation
They do not want perfect research. They require sincere effort.
An easy to understand technique usually scores higher than a duplicated technical method.
Be sure to read your objectives prior to creating your methodology. Every objective should be supported with a plan.
If objective is to analyze financial performance, refer to specific ratios.
If objective is to measure employee satisfaction, provide a questionnaire.
This alignment leaves a strong impression.
The right research design and data collection method doesn't mean complexity. It's about the appropriateness. In an ignou MCOM project simple decisions that are explained clearly will work the best.
Be aware of your topic. Be honest about your data. Write in your own language. This alone can boost your scores and confidence.