
Choosing the right research design and data collection strategy is one of the most difficult aspects of the IGNOU project. A lot of students write their ignou project without knowing what research they're actually carrying out. As a result, the methodology section appears lacking, copied, or is disconnected from the theme.
This article will focus on the steps to select the appropriate research methodology and data collection method for IGNOU MCom projects. The article explains concepts in a simple way and connects them with practical examples so that students can quickly apply them.
Research design acts like an outline for your study. It defines the direction for your project. If the research method doesn't work, everything else that comes after data collection, analysis and conclusion may be in question.
IGNOU does not expect complex and highly technical research concepts. What they are looking for is alignment. Your design should be in line with your goal, topic, and accessibility of information.
Students often lose marks not just because their writing isn't up to scratch However, the style of their work isn't compatible with the objectives the students have set out in their writing.
Research design describes the type of research you're conducting. It provides answers to three key questions.
What is being looked at?
The reason why it is being studied
How it is being investigated
For ignou's MCOM projects, research design usually falls among the following classes.
Descriptive research design is among the most frequently utilized design in IGNOU MCom projects. It is employed when the goal is to identify a condition, situation or performance.
This design is appropriate for subjects such as.
Customer satisfaction
Affects the perception of customer
Analysis of financial performance
Working capital management
Effect of training on employees
In descriptive research researchers are unable to alter variables. The focus is only on the observation and description of existing facts.
Example explanation.
The study is based on the design of a descriptive study for analyzing the present financial situation of the business using relevant data.
This design is safe and is easy justification in an ignou mcom project.
Analytical research designs are used for research that goes beyond description and seeks to understand relationships or performance trends.
This design is ideal when the project you are working on includes.
Analysis on ratio
The trend analysis
Analysis of comparative study between companies
Year-long financial evaluation
Many finance related ignou mcom topics for projects utilize analytical design in addition to descriptive design.
Example explanation.
The study follows an analytical research style to assess financial performance of the business by using ratios and trend analysis.
This indicates depth without sounding complicated.
Exploratory research is a method of conducting research when the subject is in its initial stages or not well defined. It's less frequently used with IGNOU MCom projects but may be used in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory research model that seeks to discover the extent of employee awareness about current accounting practices.
Make use of this design only when your topic genuinely explores something new.
In order to choose the most appropriate design take a look at these issues.
Are I describing an existing situation
Do I analyze the performance of or trends
Do I am attempting to discover some new ideas
If your answer is a description it is best to go with descriptive designs.
If it is based on numbers and comparison you can add analytical design.
If it focuses on understanding new ideas explore design.
To be used for most ignou-mcom project submissions that are descriptive and analytical, these designs are more than enough.
Once research design is selected following the selection, the next step involves deciding on the manner in which data will be taken. The method used to collect data should be in line with the research plan.
IGNOU permits primary as well as secondary data. What is important is honesty as well as clarity.
Primary data is information gathered on the spot by the investigator for the initial time.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data are useful when your project involves opinions about behavior, perceptions, or.
Examples of topics suitable for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
A lot of students take questionnaires, but fail to design them correctly. IGNOU doesn't evaluate the questionnaire in depth, however it needs to appear legitimate and rational.
Guidelines for questionnaire design.
Make questions easy to understand
Do not use Technical language
Make sure you answer close-ended questions
Incorporate questions into objectives
Example description for methodology section.
Primary data was collected using an instrument that was structured and consisted of open-ended questions, designed according to the objectives and goals of this study.
Do not claim advanced survey techniques if, in fact, you did not apply them.
Interview method is less common but can be beneficial for smaller-scale studies. It works well for case studies and qualitative topics.
Example explanation.
The initial data collection was done through personal interviews with selected employees in order to gain insight into their opinions on the topic.
Utilize the interview technique only if you have interacted with respondents.
Secondary data is information that has been collected by someone else. It is often used for the work of the project ignou mcom.
Secondary data sources include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Finance and accounting topics mostly require secondary information.
Example explanation.
The research is based on secondary data gathered from annual reports as well as textbooks, journals along with official web sites.
Secondary information is perfectly acceptable if properly mentioned.
The majority of students think that primary data appears prettier. However, that's not always true.
Choose primary data when.
Your topic may involve opinions or the way of life.
You are able to speak to participants
Sample size is controlled
Use secondary data only when.
The topic you choose is finance or accounting related.
This information is available in reports
and reports. Time is not unlimited.
IGNOU cannot penalize projects based on secondary information. What is important is an accurate analysis.
Design of sampling explains how participants or units were chosen.
In IGNOU MCOM project help [please click the following internet page] mcom project work easy sampling techniques are sufficient.
The most convenient method of sampling is convenience sampling. often used method of student.
Example explanation.
Convenience sampling was the method used in order to select respondents on the basis of availability and accessibility.
This is realistic and accepted by IGNOU.
Random sampling could be used If respondents were randomly chosen.
Example explanation.
Random sampling was employed to make respondents available from the overall population.
This is only used if the selection was not random.
Sample size should be reasonable and easily manageable.
The common sample sizes used in IGNOU projects range from 30 to 100 participants for surveys.
for financial reports, the size of the sample may refer to number of years or businesses.
Example explanation.
The sample size consists of 50 people who are part of the organisation.
Or
The study covers financial data from five consecutive years.
It should be consistent with your analysis section.
The term "period of study" defines the timeframe of your research.
For financial topics, mention the financial years in detail.
For survey topics, specify the length of collecting data.
Example.
The study period consists of three months during which data were gathered and analyzed.
This shows planning and clarity.
A large number of submissions for projects to ignou get ruined due to a few mistakes that can be avoided.
Copying methodology from internet
using terms and concepts that are advanced without having a clear understanding
Inconsistency between objectives and methodological approach
Representing primary information with no proof
Beware of these mistakes and improve your project quality.
IGNOU assessors search for.
Klarity
Logical flow
Relevance to topic
Honest explanation
They don't have the expectation of perfect research. They require sincere effort.
Simple and clearly explained approach usually performs better than a copied technical one.
Always check your objectives prior to writing methodology. Each objective must be backed through a system.
If objective is to analyze financial performance, refer to the ratios.
If objective is to study the employee's satisfaction, make reference to questionnaires.
This alignment gives a strong impression.
Selecting the right research design and data collection technique doesn't mean complexity. It is about suitability. In an ignou MCOM project straightforward choices clearly outlined make the best choice.
Be aware of your topic. Be honest about your data. Write your thoughts in your own words. It can boost both scores and confidence.
