Choosing the correct research design and data collection method is among the most challenging aspects of students working on their IGNOU project. A majority of students begin writing their ignou mcom assignment without fully understanding the kind of research they're actually carrying out. Therefore, it appears as if the methodology is lacking, copied, or unrelated to the subject.
This article is focused on the steps to select an appropriate research design and data collection technique that is suitable for IGNOU MCom projects. It clarifies concepts using a simple language and connects them to examples so that students can quickly apply them.
Research design functions as a plan for your study. It establishes the direction of your project. If the research design is wrong, everything that begins with data collection and analysis and conclusion may be in question.
IGNOU does not expect complex or technical research designs. They expect alignment. The design must be consistent with your objectives, topic, and access to data.
A lot of students fail to get marks not simply because their topic is not good or their writing style is bad, but because the design does not reflect the objective they've set for themselves.
Research design can explain what type of research you're carrying out. It can answer three main questions.
What is being study?
for? Why is it being examined
What is being studied
In ignou's MCOM project work research design is usually categorized under one of the following types.
Description research is the most widely utilized design in IGNOU MCom projects. It is employed when the objective is to be able to describe a circumstance, condition or even a performance.
This design can be used to be used in areas such as.
The satisfaction of employees
Customer perception
Evaluation of financial performance
Working capital management
Training's impact on employees
In descriptive research researchers are not able to alter variables. The research is focused on looking at and explaining existing facts.
Example explanation.
The study is based on an outline research method to examine the current financial position of the selected company using relevant data.
This design is secure easily accepted and easy be defended in an mcom project.
Analytical research methodology is used when the research goes beyond description and attempts to examine performances or relationship patterns.
This design will work if your project includes.
Ratio Analysis
Analyse of trend
Comparative analysis between companies
Year-to-year financial evaluation
A variety of finance related ignou projects employ analytical design along with descriptive design.
Example explanation.
The study employs an analytic research design to examine the financial performance of the firm using ratio analysis and trend analysis.
This shows depth without sounding complicated.
Exploratory research is a method of conducting research when the subject is in its initial stages or not well defined. This is less prevalent for IGNOU MCom projects but may use in areas 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 style only when you are exploring something new.
In order to choose the most appropriate design Consider these questions.
Am I describing a present situation
Do I look at the performance or trend
Am I exploring a new concept
If your answer is descriptive it is best to go with descriptive designs.
If it is based on numbers and comparison, add analytical design.
If it is focused on understanding new ideas, choose exploratory design.
For the majority of ignou MCOM project submissions that are descriptive and analytical, these designs are more than enough.
Once the research design has been selected Following that, you must picking the best method for data to be taken. The data collection method must fit your research concept.
IGNOU MCOM project report (https://gradm.ru/bitrix/redirect.php?event1=file&event2=download&event3=35120022201910310545.doc&goto=http://Vivefive.sakura.ne.jp/aska/aska.cgi) allows both primary and secondary data. What is important is honesty, and transparency.
Primary data is data 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 the project you're working on involves opinions or perceptions.
Topics that could be appropriate when it comes to primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but don't make them well-designed. IGNOU does not examine questions in depth, but it should look relevant and logical.
Guidelines for questionnaire design.
Be sure to keep questions simple
Do not use technological language
Make sure you answer close-ended questions
Be sure to link questions with goals
Example description for methodology section.
Primary data was gathered using an instrument that was structured and consisted of open-ended questions, designed according to the purposes and goals of this study.
Do not claim the latest survey techniques if you did not use them.
Interview methods are less popular but it's useful for small sample studies. It's a great option for case research as well as qualitative topics.
Example explanation.
The primary data was collected via personal conversations with selected employees to learn their perspectives on the issue.
Only use the interview method if participants actually engaged with you.
Secondary data refers to data already stored by an individual. This is a common practice in the ignou MCOM project work.
Sources of secondary information include.
Statements of financial positions Books Research journals Company websites Government publications
Topics related to finance and accounting mainly are dependent on secondary data.
Example explanation.
The study relies on secondary information gathered from annual reports journal articles, textbooks also official portals.
Secondary data is completely acceptable provided it is properly cited.
Students tend to think that primary data appears prettier. It's not always the case.
Choose the primary information when.
The subject of your discussion involves opinions or conduct
You have access to participants
Size of the sample is manageable
Make sure to use secondary data.
Your subject is finance or accounting related.
Data is available on reports
The time limit is set
IGNOU won't punish any of its projects on the basis of secondary data. What is important is proper analysis.
The sampling design explains how respondents or units were chosen.
In the ignou project work basic sampling techniques are sufficient.
Convenience sampling is one of the most frequently used method for students.
Example explanation.
The convenience sampling technique was utilized to select respondents based on accessibility and availability.
This is realistic and was accepted by IGNOU.
Random sampling may be mentioned when respondents were randomly selected.
Example explanation.
Random sampling was the method employed to identify respondents from the group.
Use this only in cases where the selection was not random.
The sample size must be reasonable and be manageable.
The common sample sizes used in IGNOU projects range between 30 to 100 respondents for surveys.
Financial studies may require a sample size. the size of the sample may refer to number of years or businesses.
Example explanation.
The sample size is 50 people who are part of the company.
Or
The study covers financial data of five years consecutively.
Make sure that this is consistent with your analysis section.
Period of study defines the period of time you will conduct your study.
For financial topics, write down your financial year clearly.
For survey topics, specify the length of data collection.
Example.
The study spans 3 months during which information were collected and analysed.
This is a sign of planning and clarity.
A lot of ignou MCOM project submissions fall victim to errors that could be avoided.
Copying the methodology of internet
Utilizing advanced terms without knowing
Discord between goals and methods
Invoking primary data in the absence of evidence
Avoid these pitfalls to improve the quality of your project.
IGNOU evaluaters look for.
The clarity
Clarity
Connection to the subject
Affirmative explanation
They do expect not to have perfect research. They expect honest effort.
A clear and simple method is often more effective than an undocumented and copied technique.
Be sure to read your objectives prior to writing your methodology. Every objective must be supported by a methodology.
If objective is to analyze financial performance, highlight ratios.
If objective is to evaluate employee satisfaction, provide a questionnaire.
This alignment gives a strong impression.
Selecting the most appropriate research design and data collection method has nothing to do with complexity. It's all about a sense of suitability. For an ignou MCOM project simple decisions that are explained clearly are the best.
Make sure you know your subject. Keep your data honest. Write in your own language. It can boost both scores and confidence.
