Choosing the right research design and data collection methodology is one of the most confusing parts that students must consider when working on their IGNOU project. Many students begin their ignou mcom project without really knowing what research they're actually carrying out. As a result, the methodology section seems weak, rewritten, or out of sync with the subject.
This article concentrates on the best way to choose the best research design and data collection methodology when working on IGNOU MCom projects. It explains concepts in an easy terms and connects them to practical examples so that students can implement them easily.
Research design functions as the blueprint of your study. It outlines the direction of your research project. If the research design is incorrect, everything that follows data collection, analysis and conclusion is questioned.
IGNOU does not expect complex or highly technical research models. What they are looking for is alignment. The design should be a reflection of your goals, your topic, and access to data.
Many students score low marks, not for the reason that their subject is bad or their writing style is bad, but because the design does not reflect the objective that they've expressed in their work.
Research design is the way to describe the kind of study you are conducting. It addresses three fundamental questions.
What is being studying?
The reason why it is being researched
How it is being studied
In ignou's MCOM project work research design typically falls into one of the following categories.
The descriptive design for research has become the most widely employed design in IGNOU MCom projects. It is used for projects that seek to denote a situation or condition, or perform.
This design is appropriate for subjects like.
Employee satisfaction
Customer perception
Assessment of financial performance
Management of working capital
Impact of training on employees
In descriptive research researchers are not able to alter variables. The emphasis is on observing and describing existing facts.
Example explanation.
The study employs the method of descriptive research to assess the current financial situation of the company based upon relevant data.
This design is safe and accepted. It is also easy to prove in an mcom project.
An analytical research design is utilized when the study goes beyond description, and aims to study connections or trends in performance.
This design is appropriate when your project includes.
Ratio Analysis
Ratio analysis
Analysis of comparative study between companies
year-long financial evaluation
Many finance-related ignou project topics use analytical design as well as descriptive design.
Example explanation.
The study employs an analytic research style to assess financial performance of the business using ratio analysis and trend analysis.
This shows depth but isn't complex.
Exploratory research design is employed when the subject is unfamiliar or unclear. It isn't as prevalent among IGNOU MCom projects but may be used in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows the design of an exploratory study to determine the perception of employees about new accounting practices.
Use this design only when you are exploring something unexplored.
To select the right design To choose the best design, consider these questions.
Do I describe an existing situation
Are I analyzing either performance or trends
Am I looking into an idea that is new to me?
If the answer is "description, go with descriptive design.
If it includes numbers or comparison or analysis, consider adding analytical design.
If it involves a deeper understanding of new ideas select exploratory design.
For the vast majority of ignou mcom project submissions an analytical and descriptive design will suffice.
Once you've decided on a research strategy the next step is deciding on the manner in which data will be taken. Data collection method should support your research proposal.
IGNOU accepts primary and secondary data. The most important thing is honesty and clarity.
Primary data is information gathered straight by the researcher in their first attempt.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primarily gathered data can be beneficial in projects that involve opinions or beliefs, or even behavior.
Examples of subjects that can be used for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but don't design them correctly. IGNOU MCOM Project Help Online has not evaluated the questionnaire with a thoroughness, but it should look relevant and logical.
Guidelines for questionnaire design.
Simple questions should be asked.
Avoid technological language
Use short-ended questions
Connect questions to objectives
Example description for methodology section.
Primary data was collected using a structured questionnaire made up of closed-ended questions that were designed according to the objectives and goals of this study.
Do not claim the latest techniques for surveying if you did not apply them.
Interview method is not widely used but it's useful for small sample studies. It's a great option for case studies and qualitative subjects.
Example explanation.
The initial data collection was done through personal interviews with employees to understand their views on the topic.
Use the interviewing technique only if you actually interacted with respondents.
Secondary data refers to data already obtained by someone else. It is frequently used in the work of the ignou MCOM project.
Sources of secondary data include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Accounting and finance topics typically depend on secondary data.
Example explanation.
The research is based on secondary information gathered from annual reports or textbooks. Journals, journal, as well as official sites.
Secondary data is entirely acceptable If it is appropriately mentioned.
The majority of students think that primary data is more appealing. It's not always the case.
Pick the primary data.
Your subject is a source of opinions or conduct
You are able to speak to those who have an opinion
The size of the sample is enough to handle the topic
Use secondary data only when.
Your topic is financial or accounting related.
This information is available on reports
Limitations on time
IGNOU cannot penalize projects on the basis of secondary information. What is important is an accurate analysis.
The design of sampling describes how respondents or units were picked.
In the ignou MCOM project work simply sampling techniques are enough.
Convenience sampling is one of the most often used method of student.
Example explanation.
Convenience sampling was the method used to select respondents based upon availability and accessibility.
This is a factual and valid assumption that has been acceptable by IGNOU.
Random sampling is a possibility when respondents were chosen randomly.
Example explanation.
The random sampling method was used to identify respondents from the group.
This is only used if the selection was not random.
The sample size should be acceptable and feasible.
Common sample sizes in IGNOU projects vary from 30 to 100 respondents for surveys.
As for studies on financials sample size may refer to number of years or companies.
Example explanation.
The sample size is 50 respondents from the selected group.
Or
The study covers financial data for five consecutive years.
Be sure to keep this in line with your analysis section.
The term "period of study" defines the time frame of your research.
For financial topics, mention the financial years in detail.
For survey issues, list the time of gathering data.
Example.
The study spans 3 months during which information was collected and analyzed.
This is a sign of planning and clarity.
Many ignou project submissions get ruined due to a few mistakes that can be avoided.
Copying methodology and methods from internet
Using terms that are more advanced without understanding
the difference between the objectives and methodological approach
in claiming primary data in the absence of evidence
Avoid these pitfalls to improve your project quality.
IGNOU evaluators look for.
Clarity
Clarity
Importance to the topic
Affirmative explanation
They do not want perfect research. They want genuine effort.
A straightforward and easily explained method is often more effective than a copied and technical one.
Make sure you read your goals before writing the methodology. Each objective must be backed by a methodology.
If the purpose is to examine financial performance, mention ratios.
If objective is to study employee satisfaction, provide a questionnaire.
This alignment gives a strong impression.
Selecting the right research plan and data collection technique does not require complexity. It's all about a sense of suitability. In an ignou MCOM project Simple choices that are clearly explained work best.
Understand your topic. Do your best to be honest about your information. Write in your own words. That alone can improve both marks and confidence.
