Finding the right research plan and data collection technique is one of the most difficult aspects for students who have to complete their IGNOU project. Many students begin writing their ignou-mcom project with no being able to clearly define what research they actually are conducting. So, the methodology section looks weak, copied, or out of touch with the topic.
This article will focus on the process of selecting an appropriate research plan and data collection technique of IGNOU MCom projects. It presents concepts in simple language and links them to practical examples so that students can implement them easily.
Research design is a blueprint for your study. It establishes the direction of your project. If the research method doesn't work, everything else that goes along with data collection, research, and conclusion becomes questionable.
IGNOU is not looking for complex or extremely technical research designs. What they expect is alignment. The design must be consistent with your objectives, topic, and information availability.
Many students do not lose marks just because their writing isn't up to scratch However, the style of their work isn't in line with the goal that they've expressed in their work.
Research design explains what type of study you're undertaking. It addresses three fundamental questions.
What is being examined
to determine why it's being investigated
What is being researched
For ignou's MCOM projects research design typically falls to one of the aforementioned categories.
It is the most widely used design in IGNOU MCom projects. It is used for projects where the aim is to identify a condition, situation, or performance.
This design can be used for subjects like.
The satisfaction of employees
The perception of customers
Performance analysis
Management of working capital
Training's impact on employees
In descriptive research researchers do not alter variables. The focus is only on studying and describing the existing facts.
Example explanation.
The study employs an analytical research plan for the analysis of the current financial situation of the company using relevant data.
This design is safe and is easy explain in an ignou project for mcom.
Analytical research designs are used when a study goes above description and seeks to understand relationship or performance trends.
This design is ideal if your project involves.
Ratio analyses
Comparison study
Comparative study between companies
Year-long financial evaluation
Many finance related ignou MCOM project subjects employ an analytical approach along with descriptive designs.
Example explanation.
The study employs an analytic design of research to evaluate the financial performance of the company with the help of ratios and trend analysis.
This shows depth but isn't complex.
Research design that is exploratory is often used for topics that are fresh or has not been clearly defined. It is not as common with 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 an exploratory research design that seeks to discover the extent of employee awareness about recent accounting practices.
This design should only be used when your subject really explores something new.
To determine the proper design to choose the right design, you must ask these questions.
Do I need to describe an existing situation
Am I analyzing the performance or patterns
Do I want to explore some new ideas
If the answer is a description the design should be descriptive.
If it is based on numbers and comparison then add an analytical design.
If it seeks to understand new concepts go for exploratory design.
To be used for most ignou-mcom project submissions an analytical and descriptive design are more than sufficient.
When the research concept is chosen Following that, you must to decide how data should be collected. The method of data collection should complement the research design.
IGNOU permits primary as well as secondary data. The most important thing is honesty and clarity.
Primary data refers to data gathered directly by the researcher for the first time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data can be helpful when the project you're working on involves opinions or perceptions.
Examples of topics that are appropriate on the basis of primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students employ questionnaires and aren't able to design them properly. IGNOU is not evaluating the questionnaire in depth, however it should be relevant and rational.
Guidelines for questionnaire design.
Simple questions should be asked.
Avoid using technical terminology
Use closed ended questions
Questions should be linked to objectives
Example description for methodology section.
The primary data was collected by using a structured questionnaire made up of short-ended questions formulated according to the purpose in the analysis.
Do not claim the latest techniques for surveying if you did not use them.
Interview method is not widely used but it's useful for small sample studies. It's great for cases research and qualitative topics.
Example explanation.
The primary data was collected via personal interviews with employees to gather their opinions on the topic.
Use the interviewing technique only if participants actually engaged with you.
Secondary data refers to information already taken from another source. This is a common practice in projects like ignou's mcom.
Data sources that are secondary include.
Annual reports Financial Statements Books Research journals Company websites Government publications
Topics in finance and accounting typically require secondary information.
Example explanation.
The study relies on secondary data gathered from companies' annual reports, textbooks, journals, including official site websites.
Secondary information is acceptable provided that it is cited correctly.
Students tend to think that primary data appears prettier. However, this is not always the case.
Choose primary data when.
Your topic is about opinions or behaviors
You are able to speak to the people who are responding
The size of the sample is reasonable
Select secondary data whenever possible.
Your subject is finance or accounting related.
Data is readily available through reports
There is a time limit
IGNOU is not penalizing projects on the basis of secondary data. The most important thing is that the analysis is done correctly.
Sampling design explains how respondents or units were picked.
For projects like ignou's mcom using simple sampling methods is enough.
Convenience sampling is one of the most popular method used by students.
Example explanation.
A convenient sampling technique was employed to choose respondents based on availability and accessibility.
This is real and has been it is accepted by IGNOU.
Random sampling might be mentioned in the event that respondents were randomly selected.
Example explanation.
Random sampling methods were used to identify respondents from the group.
Make sure to use this only in the event that the selection was actually random.
Size of the sample should be appropriate and easily manageable.
The typical sample sizes for IGNOU projects range from 30 to 100 participants for surveys.
As for studies on financials sample size may refer to the number years or the size of companies.
Example explanation.
The sample size consists of 50 participants from the selected group.
Or
The study includes financial information for five consecutive years.
It should be consistent with your analysis section.
The duration of your study determines the duration of your study.
For financial topics, mention financial years clearly.
For survey subjects, indicate the length of data collection.
Example.
The period of study covers three months of time during which data were gathered and analyzed.
This shows planning and clarity.
A large number of submissions for projects to ignou fall foul of mistakes that could easily be avoided.
Copying methodology from the internet
using terms and concepts that are advanced without understanding
Missing the point between objectives and methodology
It is possible to claim primary data without proof
Beware of these mistakes and improve your project quality.
IGNOU appraisers will look for.
Clearness
Clarity
Connects to the subject
Transparent explanation
They do not expect perfect research. They expect honest effort.
An easy to understand technique usually scores higher over a rewritten technical model.
Be sure to read your objectives prior to writing your approach. Every goal must be backed by a methodology.
If your goal is to look at financial performance, refer to specific ratios.
If objective is to study employee satisfaction, provide a questionnaire.
This alignment gives a strong impression.
Picking the appropriate research design and method for data collection can be done without worrying about complexity. It's about the appropriateness. In an IGNOU MCOM project writing services (just click the up coming internet page) project basic choices made clear are most efficient.
Find out the topic you are discussing. Be truthful about the information you provide. Write in your own language. This alone can help improve marks and confidence.