Making the right choice in terms of research design and data collection method is one of many of the most naive tasks for students who are working on their IGNOU project. Many students begin writing the ignou mcom proposal without being able to clearly define what research they actually are conducting. Therefore, the methodology section appears thin, sloppy, or disconnected from the topic.
This article focuses on the steps to select the right research design and method of data collection when working on IGNOU MCom projects. It will explain concepts in a straightforward terminology and ties them with concrete examples so that students can use them effectively.
Research design is a blueprint for your study. It lays out the course of your research project. If your research design doesn't work, everything else that comes after data collection, analysis, and conclusion becomes questionable.
IGNOU is not looking for complex and highly technical research concepts. What they expect is alignment. The design must be consistent with your goals, topics, and information availability.
Many students do not lose marks due to their topic being poor However, the style of their work does not reflect the objective that they've expressed in their work.
Research design can explain what type of research you're conducting. It is the answer to three essential questions.
What is being looked at?
to determine why it's being looked at
What is being investigated
In ignou's project work research design typically falls into the one of those categories.
Descriptive research design is among the most frequently utilized design used in IGNOU MCom projects. It is employed when the purpose is explain a particular situation, condition, or perform.
This design is ideal for subjects such as.
Customer satisfaction
Customer perception
Assessment of financial performance
Working capital management
Training's impact on employees
In descriptive research it is not possible to alter variables. The focus is on studying and describing the existing facts.
Example explanation.
The study follows an outline research method for the analysis of the current financial situation of the company based upon relevant data.
This design is secure, accepted, and easy to prove in an ignou project for mcom.
Analytical research designs are used when a study goes above description, and aims to study performances or relationship patterns.
This design will work if the project you are working on includes.
Analysis on ratio
Research on trends
Comparative study of companies
and their financial evaluation
A variety of finance related ignou projects employ analytical design along with descriptive design.
Example explanation.
The study is based on an analytical research methodology to analyze the financial performance of a company by using ratios and trend analysis.
This indicates depth without sounding complicated.
Research design that is exploratory is often used when the subject is unknown or has not been defined clearly. It is less common on IGNOU MCom projects but may use in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory design of research to investigate the awareness of employees about the most recent accounting practices.
Use this design only if your topic is really exploring something new.
To determine the proper design, ask yourself these questions.
Am I describing a present situation
Do I analyze either performance or trends
Am I looking into the possibility of a new idea
If the answer is a description, go with descriptive design.
If it involves numbers and comparison you can add analytical design.
If it involves a deeper understanding of new ideas explore design.
To be used for most ignou-mcom project submissions that are descriptive and analytical, these designs will suffice.
After deciding on the research design Next step is choosing how data will be collected. The method for collecting data must be compatible with the research plan.
IGNOU accepts primary and secondary data. What is important is honesty and clarity.
Primary data refers to data gathered directly by the researcher for the first time.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primarily gathered data can be beneficial when the project you're working on involves opinions of perceptions, behavior, or other thoughts.
Examples of subjects suitable the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students utilize questionnaires but do not design them properly. IGNOU does not look at the questionnaire to its fullest extent, however it must appear relevant and logical.
Guidelines for questionnaire design.
Questions should be simple
Beware of using technical terminology
Use close ended questions
Links questions to objectives
Example description for methodology section.
Primary data was gathered using an organized questionnaire comprised of questions with a close-ended format that was designed according to the objectives in the analysis.
Do not claim the latest survey techniques if, in fact, you did not apply them.
Interview method is not widely used however it can be useful for small sample studies. It's great for cases study and qualitative research topics.
Example explanation.
The primary data was gathered through personal conversations with selected employees to discover their views regarding the matter.
Use the interview method only if you actually interacted with respondents.
Secondary data is information that has been obtained by someone else. It is widely used in the work of the ignou MCOM project.
Secondary data sources include.
Monthly reports and financial statements Books Research journals Company websites Government publications
Topics related to finance and accounting mainly require secondary information.
Example explanation.
The study relies on secondary data gathered from companies' annual reports in textbooks, journals, textbooks as well as official sites.
Secondary data is completely acceptable if properly mentioned.
Students usually think that primary data appears better. But that is not always the truth.
Use primary data only when.
Your subject is a source of opinions or behavior
You have access to those who have an opinion
Size of the sample is feasible
Select secondary data whenever possible.
Your topic is financial, or accounting based.
Data is available within reports
and reports. Time is not unlimited.
IGNOU do not weigh down projects on the basis of secondary information. What matters is the correct analysis.
Sampling design explains how respondents or units were selected.
In the project ignou mcom work basic sampling techniques are enough.
The most convenient method of sampling is convenience sampling. commonly used method by students.
Example explanation.
The method of convenience sampling was employed to select respondents according to accessibility and availability.
This is real and has been acknowledged by IGNOU.
Random sampling could be used when respondents were chosen randomly.
Example explanation.
Random sampling methods were used to draw respondents from a population.
Use this only in cases where the selection is actually random.
Sample size should be reasonable and easy to manage.
Common sample sizes in IGNOU projects vary from 30 to 100 participants for surveys.
When it comes to financial analysis, the size of the sample could refer to the number of years or companies.
Example explanation.
The sample size is 50 participants from the selected company.
Or
The study covers financial data of five years consecutively.
It should be consistent with your analysis section.
Period of study defines the length of your research.
For topics related to finance, be sure to state the financial year clearly.
For survey topics, specify the length of collecting data.
Example.
The study spans the period of three months where data were collected and analysed.
This shows planning and clarity.
Many of the submissions to ignou's MCOM projects get ruined due to a few mistakes that can be avoided.
Copying methods from the internet
Utilizing advanced terms without having a clear understanding
Mismatch between objectives and methods
Insisting on primary data without supporting evidence
Make sure you avoid these mistakes in order to increase the quality of your work.
IGNOU MCOM Project Guide Evaluations seek.
Clarity
The flow of logic
Relationship to topic
An honest explanation
They don't expect flawless research. They look for honest efforts.
Simple and well explained technique is more often rated higher over a copy of a technical procedure.
Always review your goals prior to you write your process. Each objective must be backed with a plan.
If objective is to analyze the financial performance of an organization, be sure to mention percentages.
If objective is to measure employee satisfaction, use questionnaires.
This alignment gives a strong impression.
Selecting the right research plan and data collection technique is not about complexity. It's about the appropriateness. In an ignou project straightforward choices clearly outlined is the ideal way to go.
Find out the topic you are discussing. Don't lie about your data. Write in your own words. The simple act of writing can help you improve your marks and confidence.
