Choosing the correct research design and data collection technique is one of the most difficult aspects for students who are working on their IGNOU project. Students often begin writing the ignou mcom proposal without realizing what research they're actually carrying out. Thus, your methodology section will appear uninspired, copied, or is disconnected from the theme.
This article focuses only on the steps to select the most appropriate research design and data collection method that is suitable for IGNOU MCom projects. It explains concepts in simple words and provides them with examples in a way that students are able apply them effortlessly.
Research design functions as the blueprint of your study. It sets the direction for your project. If the research plan is incorrect, everything that follows data collection, analysis and conclusion will be questioned.
IGNOU does not require complex or technical research designs. What they require is alignment. Design should be in line with goals, subject, and availability of data.
Many students do not lose marks because their topic is bad, but because their design is not in line with the goals they've set for themselves.
Research design explains what type of research you're conducting. It addresses three fundamental questions.
What is being studying?
The reason why it is being investigated
How it is being researched
For ignou's MCOM projects, research design usually falls in one or more of these categories.
Description research is among the most frequently employed design in IGNOU MCom projects. It is employed when the purpose is to be able to describe a circumstance, condition, or a particular performance.
This design is suitable for topics such as.
The satisfaction of employees
Affects the perception of customer
Evaluation of financial performance
Management of working capital
Training's impact on employees
In descriptive research The researcher is not allowed to alter variables. The focus is on studying and describing the existing facts.
Example explanation.
The study follows an analytical research plan to evaluate the current financial situation of the company based on relevant information.
This design is safe that is accepted, dependable, and simple justification in an ignou project for mcom.
Analytical research is a method of study when the research goes beyond description to try to determine relations or performance trends.
This design will work if your work involves.
Ratio analyses
The trend analysis
Comparison study between companies
Year-long financial evaluation
Many finance related ignou mcom project topics use analytical design along with descriptive designs.
Example explanation.
The study adopts an analytical research design to examine the financial performance of the firm by analyzing trends and ratios.
This shows depth without sounding complex.
Exploratory research design is used when the topic is undefined or is not clear. It is not as common and is not used in IGNOU MCom projects but may apply to areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study follows an exploratory research methodology to understand employee awareness regarding the most recent accounting practices.
Use this design only if your subject truly explores something new.
For the best design To choose the best design, consider these questions.
Am I describing an existing situation
Do I look at the performance of or trends
Do I am attempting to discover a new concept
If the answer is "description or description, use descriptive design.
If it includes numbers or comparison and analysis, you should add an analytical design.
If it is focused on understanding new ideas explore design.
For the vast majority of ignou mcom project submissions the descriptive and analytical design are more than adequate.
After deciding on the research design The next step is selecting the way in which data is collected. The method for collecting data must be compatible with the research strategy.
IGNOU permits primary as well as secondary data. What is important is honesty, and transparency.
Primary data is information gathered from the researchers directly for the first time.
Common primary data tools comprise.
Questionnaire
Interview
Observation
Primary data are useful when you're working with opinions behaviour, perceptions.
Topics suitable the primary use of data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Students often use questionnaires, but fail to design them correctly. IGNOU doesn't evaluate the questionnaire, however the design should be logical and logical.
Guidelines for questionnaire design.
Make questions easy to understand
Beware of technical language
Use close ended questions
Questions should be linked to objectives
Example description for methodology section.
The primary data was collected by using a structured questionnaire consisting of closely-ended, standardized questions designed in accordance to the purpose in the analysis.
Do not claim the latest survey techniques if you did not apply them.
Interview method is less common however it can be useful for small sample studies. It's ideal for case studies and qualitative subjects.
Example explanation.
Primary data was collected through personal conversations with selected employees to gather their opinions about the subject.
Use the interview method only if you actually interacted with respondents.
Secondary data is data already taken by another. It is extensively used in the ignou mcom projects work.
Sources of secondary data include.
annual reports financial statement Books Research journals Company websites Government publications
Finance and accounting topics mainly require secondary information.
Example explanation.
The study is based on secondary data collected from company annual reports in textbooks, journals, textbooks including official site websites.
Second-hand information is fine If it is appropriately mentioned.
Students tend to think that primary data appears more attractive. But that is not always the truth.
Use primary data only when.
Your topic may involve opinions or behaviors
You have access to respondents
Sample size is feasible
Make sure to use secondary data.
It is a financial or accounting based
This information is available from reports
Time is limited
IGNOU do not weigh down projects based on secondary information. It is about proper analysis.
A sampling method explains how the participants or units were picked.
In ignou's MCOM project work it is simple to use sampling methods sufficient.
Convenience sampling is one of the most frequently used method for students.
Example explanation.
The convenience sampling technique was utilized for selecting respondents based on availability and accessibility.
This is realistic and it is accepted by IGNOU MCOM Project Guide.
Random sampling can be described in the case of random selection of respondents.
Example explanation.
Random sampling method was employed to pick respondents from the entire population.
Use this only if selection was really random.
The sample size must be reasonable and easy to manage.
Standard sample sizes for IGNOU projects range from 30 to 100 participants for surveys.
When it comes to financial analysis, sample size could refers to the number years or companies.
Example explanation.
The sample size is 50 participants from the chosen group.
Or
The study includes financial information of five years consecutively.
Maintain this consistency with your analysis section.
Period of study defines the time frame of your research.
For financial topics, list the financial years clearly.
For survey topics, specify the length of data collection.
Example.
The period of study covers three months of time during which data was gathered and then analyzed.
This shows planning and clarity.
Many of the submissions to ignou's MCOM projects are ruined by mistakes that could have been avoided.
Copying the methodology of internet
Using advanced terms without understanding
The objectives are not compatible and the methodology
in claiming primary information without evidence
Avoid these pitfalls to improve the quality of your project.
IGNOU Evaluations seek.
Detachment
Clarity
Contextual relevance the topic
Sincere explanation
They do expect not to have perfect research. They want genuine effort.
Simple and well explained technique usually scores higher than a copied and technical one.
Be sure to read your objectives prior to creating your methodology. Every objective must be supported by a method.
If the aim is to analyze financial performance, include specific ratios.
If objective is to study the employee's satisfaction, make reference to questionnaires.
This alignment makes a powerful impression.
Selecting the right research plan and data collection technique cannot be a matter of complexity. The key is in the suitability. In an ignou project Simple choices that are clearly explained perform best.
Understand your topic. Don't lie about your data. Write in your own language. This alone can boost your marks and confidence.
