Making the right choice in terms of research design and the method of collecting data is among the most confusing parts for students completing their IGNOU project. A lot of students begin writing their ignou mcom assignments without being able to clearly define what research they're actually conducting. As a result, it appears as if the methodology is weak, copied, or out of sync with the subject.
This article focuses on the process of selecting the right research design and data collection technique for IGNOU MCom projects. It presents concepts in simple language and connects them with examples that students are able apply them effortlessly.
Research design is a plan for your study. It defines the direction for your project. If the research methodology is flawed, everything that goes along with data collection, research and conclusion can be considered questionable.
IGNOU does not have complex or technical research designs. What they are looking for is alignment. The design should reflect your goals, subject, and access to data.
Many students lose marks not due to their topic being poor it's because their layout does not align with the goals they've stated in their essay.
The research design will explain the type of research you're carrying out. It is a response to three questions.
What is being examined
and why is it being examined
How it is being investigated
In ignou's project work research design generally falls under one of the following types.
Description research is the most commonly used design for IGNOU MCom projects. It is used when the goal is to be able to describe a circumstance, condition or even a performance.
This design is ideal for topics such as.
Employee satisfaction
Personal perceptions of customers
Performance analysis
Working capital management
Impact of training on employees
In descriptive research, the researcher does not alter variables. The primary focus is the observation and description of existing facts.
Example explanation.
The study is based on the design of a descriptive study that analyzes the current financial situation of the business based on pertinent information.
This design is secure and is easy justification in an ignou mcom project.
Analytical research is a method of study in research that goes beyond descriptions and attempts to investigate connections or trends in performance.
This design can be used when the project you are working on includes.
Ratio Analysis
Trend analysis
Comparative study conducted between companies
Year wise financial evaluation
Many finance-related ignou project topics use analytical design along with descriptive designs.
Example explanation.
The study adopts an analytical research design to evaluate the financial performance of a company by way of trend and ratio analysis.
This indicates depth without sounding complex.
Exploratory research design is employed when the topic is undefined or is not clear. This is less prevalent within IGNOU MCom projects but may be used in fields like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory research methodology to investigate the awareness of employees about the most recent accounting practices.
Use this design only if the subject you're discussing is that is not familiar to you.
To pick the appropriate design, ask yourself these questions.
Do I need to describe an existing situation
Am I analyzing the performance or trend
Do I want to explore some new ideas
If the answer is "description and not a description, then you should go with a descriptive design.
If it involves numbers and comparison, add analytical design.
If it focuses on understanding new ideas select exploratory design.
For most ignou mcom submissions the descriptive and analytical design are more than sufficient.
Once the research design has been selected Next step is deciding on the manner in which data will be taken. The data collection method must fit your research concept.
IGNOU allows both primary and secondary data. What is important is honesty and transparency.
Primary data refers to data gathered from the researchers directly for the first time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primarily gathered data can be beneficial when you're working with opinions of perceptions, behavior, or other thoughts.
Topics that could be appropriate in primary research.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students make use of questionnaires, but don't properly design them. IGNOU is not evaluating the questionnaire to its fullest extent, however it ought to be relevant and rational.
Guidelines for questionnaire design.
Simple questions should be asked.
Avoid the use of technical terms
Use close ended questions
Make sure that questions are linked to objectives
Example description for methodology section.
Primary data was collected using a well-structured questionnaire comprising close ended questions designed according to the objectives that the investigation was aiming for.
Do not claim the latest survey methods if you do not employ them.
Interview method is not widely used but is useful for smaller sample studies. It's great for case research and qualitative topics.
Example explanation.
The primary data was gathered through personal conversations with selected employees to gather their opinions regarding the topic.
Use the interview method only if you have actually spoken to respondents.
Secondary data is information that has been acquired by a third party. It is used extensively in the ignou project mcom work.
Secondary data sources include.
Annual reports Financial statements Books Research journals Company websites Government publications
Finance and accounting topics mostly require secondary information.
Example explanation.
The study is based upon secondary data obtained from company annual reports, textbooks, journals, along with official web sites.
Secondary information is acceptable if properly mentioned.
Students are often of the opinion that data from primary sources appears more attractive. That is not always true.
Select primary data whenever possible.
Your topic is about opinions or behavior
You are able to speak to people
The size of the sample is easily manageable
Choose secondary data when.
The subject you are discussing is financial or accounting based.
It is possible to access data on reports
It is time-bound
IGNOU doesn't penalize any projects based on secondary information. It is about proper analysis.
Sampling design explains how respondents or units were chosen.
In the work of ignou mcom, simple sampling methods are enough.
Convenience sampling is among the most frequent method employed by students.
Example explanation.
Convenience sampling was the method used to select respondents according to accessibility and availability.
This is the truth and has been approved by IGNOU.
Random sampling could be used on the basis that respondents were selected randomly.
Example explanation.
Random sampling was the method used to pick respondents from the entire population.
Use this only in cases where the selection was not random.
Sample size should be reasonable and is manageable.
Standard sample sizes for IGNOU projects range between 30 to 100 participants for surveys.
for financial reports, sample size could be a reference to number of years or the size of companies.
Example explanation.
The sample size is 50 participants from the selected group.
Or
The study includes financial information of five years consecutively.
It should be consistent with your analysis section.
Study time defines the timeframe of your study.
For topics on finance, make sure to mention the financial years clearly.
For survey topics, provide the time of research.
Example.
The period of study covers three months, during which data were collected and analysed.
This is a sign of planning and clarity.
Many submissions to projects submitted by ignou get ruined due to a few mistakes that can be avoided.
Copying methodology from online
using advanced terms without understanding
Inconsistency between objectives and methodologies
Making claims to primary data, but without any evidence
Avoid these pitfalls to improve the quality of your work.
IGNOU MCOM project submission guide (redirect to mixclassified.com) Evaluations seek.
Klarity
The flow of logic
Relationship to the subject
Affirmative explanation
They don't have the expectation of perfect research. They expect honest effort.
A straightforward and easily explained technique usually scores higher than a copied and technical one.
Always review your goals prior to writing your approach. Every objective must be supported through a system.
If the purpose is to examine the performance of financials, you should mention the ratios.
If objective is to examine employee satisfaction, refer to questionnaire.
This alignment makes a powerful impression.
Finding the best research design and method for data collection will not be about complexity. It's about a good fit. In an ignou mcom project Simple choices that are clearly explained can be the most effective.
Get to know your subject. Do your best to be honest about your information. Write in your own words. It can boost both marks and confidence.