Finding the right research plan and data collection methodology is one of the most confusing aspects for students who have to complete their IGNOU project. Many students start writing their ignou MCOM project without completely understanding the nature of research they are actually doing. Because of this, the methodology section seems thin, sloppy, or unrelated to the subject.
This article focuses only on how to select an appropriate research plan and data collection method appropriate for IGNOU MCom projects. The article explains concepts in a simple language, and then links them by providing examples of how students are able to apply them quickly.
Research design acts like an outline of your research. It lays out the course of your research project. If the research concept is wrong, then everything that will follow data collection and conclusion may be in question.
IGNOU is not looking for complex and highly technical research concepts. What they want is alignment. The design must be consistent with your goals, topic, as well as access to data.
Many students get a grade not because their topic is bad or their writing style is bad, but because the design does not support the objectives the students have set out in their writing.
Research design provides the details of what kind of study you are conducting. It can answer three main questions.
What is being examined
What is being examined
How it is being studied
In the case of ignou MCOM project work, research design usually falls under one of the following types.
This is the most widely used design in IGNOU MCom projects. It is employed when the goal is to describe a situation, condition, or perform.
This design is appropriate for topics like.
Employee satisfaction
Perception of the customer
Analysis of financial performance
Management of working capital
Training's impact on employees
In descriptive research the researcher doesn't manipulate variables. The focus is solely on being observant and describing facts.
Example explanation.
The study employs an exploratory research approach to assess the current financial situation of the company based on relevant information.
This design is safe it is accepted and simple to prove in an project for mcom.
Analytical research methods are employed when the study goes beyond description and attempts to analyse relationships or performance trends.
This design is appropriate when the project you are working on includes.
Ratio Analysis
The trend analysis
Analysis of comparative study between companies
Year-wise financial evaluation
A variety of finance related ignou topics are based on analytical design in conjunction with descriptive design.
Example explanation.
The study adopts an analytical research method to assess the financial performance of a company by analyzing trends and ratios.
This shows depth, but without sounding complex.
Exploratory research is a method of conducting research in cases where the subject is novel or unclear. This is less prevalent among 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 follows the design of an exploratory study to study the employee's perception of recent accounting practices.
Use this style only when you are exploring something new.
For the best design consider these questions.
Am I describing a present situation
Are I analyzing performances or trends
Are I researching some new concepts
If your answer is description the design should be descriptive.
If it is based on numbers and comparison with analytical designs.
If it relies on understanding and interpreting new ideas opt for an exploratory style.
For most ignou mcom project submissions the descriptive and analytical design will suffice.
Once the research design has been selected The next step is to decide how data should be taken. The method for collecting data must be compatible with the research plan.
IGNOU allows both primary and secondary data. What matters is honesty and clarity.
Primary data are data that is collected on the spot by the investigator for the initial time.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data is valuable when your project involves opinions about behavior, perceptions, or.
Topics that could be appropriate for data that is primary.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but aren't able to design them properly. IGNOU doesn't evaluate the questionnaire in depth, however it should appear appropriate and rational.
Guidelines for questionnaire design.
Keep questions short and simple
Do not use using technical terminology
Use close ended questions
Questions should be linked to goals
Example description for methodology section.
Primary data was gathered using a well-structured questionnaire comprising closely-ended, standardized questions designed in accordance to the objectives to be studied.
Don't claim advanced survey techniques if your did not use them.
Interview methods are less popular but can be helpful for small-sample studies. It is suitable for case studies and qualitative subjects.
Example explanation.
Primary data was collected by personal interviews with selected employees to gather their opinions on the matter.
Use interview method only if you actually spoke to respondents.
Secondary data are data that has been stored by an individual. This is a common practice in ignou mcom project work.
Secondary data sources include.
The annual report Financial statement Books Research journals Company websites Government publications
Finance and accounting topics mainly require secondary information.
Example explanation.
The research is based on secondary data gathered from companies' annual reports as well as textbooks, journals along with official web sites.
Data that is secondary to the original source is perfectly acceptable for as long as it's properly identified.
Most students believe that primary data appears more attractive. This is not always true.
Choose the primary information when.
Your subject is a source of opinions or behaviour
You are able to speak to those who have an opinion
Size of the sample is achievable
Make sure to use secondary data.
Your topic is either financial or accounting based.
There is data available on reports
Limitations on time
IGNOU doesn't penalize any projects on the basis of secondary information. It is about proper analysis.
The sampling design explains how respondents or units were selected.
For projects like ignou's mcom easy sampling techniques are enough.
The most convenient method of sampling is convenience sampling. common method used by students.
Example explanation.
Convenience sampling is a method to choose respondents based on accessibility and availability.
This is realistic and it is accepted by IGNOU.
Random sampling is a possibility if respondents were selected randomly.
Example explanation.
Random sampling methods were used to make respondents available from the overall population.
Only use this if the selection is actually random.
The size of the sample should be manageable and easily manageable.
The common sample sizes used in IGNOU projects vary from 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 the size of companies.
Example explanation.
The sample size is fifty respondents from the organisation.
Or
The study includes financial information of five years consecutively.
Follow this with respect to your analysis section.
The length of study defines the period of time you will conduct your study.
When discussing financial topics, you should mention the years of financial data clearly.
For survey topics, include the time of the collection of data.
Example.
The period of study covers three months over which data were collected and analysed.
This is a sign of planning and clarity.
Many ignou project submissions fall victim to errors that could be avoided.
Copying methods from the internet
using terms from the internet that are not understood without understanding
Inconsistency between objectives and methodology
Invoking primary information with no proof
Make sure you avoid these mistakes in order to increase the quality of your project.
IGNOU assessors search for.
Accuracy
The flow of logic
Importance to the topic
Sincere explanation
They don't have the expectation of perfect research. They expect genuine effort.
A straightforward and easily explained technique is more often rated higher than a copied and technical one.
Be sure to read your objectives prior to making your writing strategy. Each objective should be supported by a procedure.
If the goal is to analyse financial performance, highlight ratios.
If objective is to evaluate employee satisfaction, include a questionnaire.
This alignment gives a strong impression.
Selecting the most appropriate research design and data collection technique does not require complexity. It's about a good fit. In an IGNOU MCOM project writing services (Going in Allhealthsupplements) MCOM project simple and clear choices are the best.
Understand your topic. Be truthful about the information you provide. Write in your own language. This alone can boost your scores and confidence.