Choosing the correct research design and data collection methodology is one of the most confusing aspects that students must consider when working on their IGNOU project. Many students start writing the ignou mcom proposal without knowing what research they actually are conducting. Because of this, the methodology section is poor, duplicated, or disconnected from the topic.
This article will focus on how to select the most appropriate research design and data collection technique appropriate for IGNOU MCom projects. It explains concepts in simple words and provides them to practical examples so that students can easily apply them.
Research design is an outline of your research. It defines the direction of your project. If the research design is incorrect, everything that includes data collection, analysis, and conclusion becomes questionable.
IGNOU does not believe in complex or highly technical research models. What they expect is alignment. The design should align with your objectives, the topic and accessibility of information.
Many students are penalized not because their topic is bad in the first place, but due to their design isn't compatible with the objectives that they've expressed in their work.
Research design provides the details of what kind of study you're conducting. It answers three major questions.
What is being studying?
Why it is being examined
How it is being investigated
For ignou's MCOM projects research design generally falls under one of the following types.
This is the most widely used design for IGNOU MCom projects. It is employed when the purpose is to describe a specific situation, condition or even a performance.
This design is ideal for subjects like.
Employee satisfaction
Perception of the customer
Analyzing financial performance
Management of working capital
Training's impact on employees
In descriptive research researchers are not able to manipulate variables. The focus is solely on watching and describing the facts.
Example explanation.
The study is based on the method of descriptive research to evaluate the current financial position of the selected company using relevant data.
This design is safe easily accepted and easy for an organization to support in their ignou mcom project.
Analytical research is utilized in research that goes beyond description and attempts to analyse relations or performance trends.
This design is ideal when your project involves.
Analyzing ratios
Research on trends
Comparative study among companies
Year-long financial evaluation
Many finance related ignou MCOM project topics employ analytical design in addition to descriptive design.
Example explanation.
The study adopts an analytical research approach to assess the financial performance of the company by using ratios and trend analysis.
This indicates depth without sounding complex.
Exploratory research design is used when the topic is unknown or has not been defined clearly. It is less common in IGNOU MCom projects but may be employed in certain areas, such as.
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.
Make use of this design only when your topic genuinely explores something unexplored.
To choose the correct design Consider these questions.
Am I describing a present situation
Do I look at the performance or trend
Are I examining an idea that is new to me?
If the answer is "description then go for descriptive design.
If it includes numbers or comparison, add analytical design.
If it has to do with understanding new ideas take a look at exploratory design.
In the majority of ignou mcom submissions with descriptive and analytical designs are more than sufficient.
If you've chosen a research methodology, the next step is making a decision on how data will be taken. Data collection methods should align with your research design.
IGNOU permits primary as well as secondary data. What is important is honesty, and clarity.
Primary data are the data that was collected from the researchers directly for the first time.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primarily-sourced data is helpful when the project you're working on involves opinions, perceptions, or behavior.
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 don't properly design them. IGNOU is not evaluating questions in depth, but it needs to appear legitimate and logical.
Guidelines for questionnaire design.
Make questions easy to understand
Do not use tech-speak.
Use closed ended questions
Answers to questions should correspond with objectives
Example description for methodology section.
Primary data were collected with the structured questionnaire, which consists of closed-ended questions that were designed according to the purposes from the study.
Don't claim advanced survey techniques if your did not use them.
Interview method is not widely used but is useful for smaller sample studies. It's useful for case studies and qualitative topics.
Example explanation.
Primary data was gathered through personal conversations with selected employees to learn their perspectives about the matter.
Use the interviewing technique only if you have actually spoken to respondents.
Secondary data refers to information already taken from another source. This is a common practice in the work of the ignou MCOM project.
Data sources that are secondary include.
Statements of financial positions Books Research journals Company websites Government publications
Topics related to finance and accounting mainly depend on secondary data.
Example explanation.
The study is based on secondary data collected from company annual reports publications, textbooks and journals as well as official sites.
Data that is secondary to the original source is perfectly acceptable if properly mentioned.
Students are often of the opinion that data from primary sources is more appealing. However, this is not always the case.
Select primary data whenever possible.
Your topic involves opinions or behaviour
You have access to participants
Sample size is easily manageable
Select secondary data whenever possible.
It is a financial or accounting based.
Data is readily available within reports
and reports. Time is not unlimited.
IGNOU do not weigh down projects based on secondary data. What is important is an accurate analysis.
This design describes how the respondents or units were picked.
In the ignou project work the simple sampling method is enough.
Convenience sampling is among the most frequently utilized method for students.
Example explanation.
Convenience sampling is a method to choose respondents based on accessibility and availability.
This is a factual and valid assumption that has been approved by IGNOU.
Random sampling could be used in the case of random selection of respondents.
Example explanation.
Random sampling method was employed to select the respondents from the general population.
Use this only if the pick was not random.
Sample size should be considered reasonable and easy to manage.
The common sample sizes used in IGNOU MCOM project help (http://carecall.co.kr/bbs/board.php?bo_table=free&wr_id=2116472) projects range from 30 to 100 participants for surveys.
In financial research, the size of the sample could refer to the number years or the size of companies.
Example explanation.
The sample size is 50 respondents from the selected company.
Or
The study covers financial data for five consecutive years.
It should be consistent with your analysis section.
The term "period of study" defines the time period for your research.
For topics on finance, make sure to mention your financial year clearly.
For survey areas, write down the period of the collection of data.
Example.
The period of study covers three months during which data was collected and analyzed.
This shows organization and clarity.
Many submissions to projects submitted by ignou fall foul of mistakes that could easily be avoided.
Copying methodology from internet
using terms from the internet that are not understood without understanding
Mismatch between objectives and methodological approach
Claiming primary data, but without any evidence
Make sure you avoid these mistakes in order to increase your project quality.
IGNOU assessors search for.
The clarity
Logical flow
Importance to topic
Transparent explanation
They don't expect flawless research. They expect sincere effort.
A clear and simple methodology often scores better than a copycat technical approach.
Always study your goals prior creating your methodology. Every goal should be supported through a system.
If objective is to analyze financial performance, list specific ratios.
If objective is to study the employee's satisfaction, make reference to questionnaires.
This alignment makes a powerful impression.
The choice of the best research design and data collection methodology has nothing to do with complexity. It's about the appropriateness. For an ignou mcom project easy choices, clearly explained will work the best.
Know your subject. Be transparent about your information. Write in your own words. It can boost both marks and confidence.