
Finding the right research plan as well as the best method to collect data is among the most difficult tasks for students working on an IGNOU project. Many students begin writing their ignou-mcom project with no knowing what research they actually are conducting. As a result, your methodology section will appear inadequate, copied, or is disconnected from the theme.
This article is focused on the steps to select the best research design and data collection technique appropriate for IGNOU MCom projects. The article explains concepts in a simple language, and then links them with concrete examples so that students are able apply them effortlessly.
Research design is an outline for your study. It defines the direction of your research project. If the research concept doesn't work, everything else that involves data collection, analysis and conclusion will be questioned.
IGNOU does not believe in complex or technical research designs. They are looking for alignment. Your design should correspond to your goals, topic, as well as information availability.
A lot of students fail to get marks not just because their writing isn't up to scratch it's because their layout isn't in line with the goal they've stated in their essay.
The research design will explain the type of study you're undertaking. It will answer three important questions.
What is being looked at?
The reason why it is being studied
What is being researched
In ignou's project work research design is usually categorized to one of the aforementioned categories.
The descriptive design for research has become the most frequently utilized design used in IGNOU MCom projects. It is used when the purpose is to describe a specific situation, condition or even a performance.
This design is ideal for topics like.
The satisfaction of employees
The perception of customers
Analyzing financial performance
Working capital management
The impact of training on employees
In descriptive research, the researcher does not alter variables. The primary focus is being observant and describing facts.
Example explanation.
The study follows the method of descriptive research to examine the current financial situation of the company based upon relevant data.
This design is safe and accepted. It is also easy explain in an project for mcom.
An analytical research design is utilized to study situations that go beyond description and tries to analyze relationships or performance trends.
This design can be used when your project has.
Ratio analyses
Research on trends
Study of comparison between companies
Financial year wise evaluation
A lot of finance-related ignou mcom project topics employ analytical design alongside descriptive design.
Example explanation.
The study employs an analytic research style to assess financial performance of a company with the help of ratios and trend analysis.
This shows depth but isn't complex.
Research design that is exploratory is often used when the subject is unclear or undefined. It is less frequent within IGNOU MCom projects but may use in areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study employs an exploratory research design in order to examine the knowledge of employees about current accounting practices.
Use this design only when your subject is truly exploring something new.
To decide on the right design to choose the right design, you must ask these questions.
Are I describing a current situation
Am I looking at developments or performance
Am I trying to understand a new concept
If the answer is "description or description, use descriptive design.
If it includes numbers or comparison it is advisable to add an analytical style.
If it is about understanding new ideas take a look at exploratory design.
For most ignou mcom project submissions with descriptive and analytical designs will suffice.
When you have chosen the research plan following the selection, the next step involves selecting the way in which data is taken. The method you choose for data collection must complement your research proposal.
IGNOU MCOM Project Help Online accepts primary and secondary data. It is the honesty and transparency.
Primary data are data that is collected straight by the researcher in their first attempt.
Common data tools for primary use include.
Questionnaire
Interview
Observation
Primary data is important to use when your project involves beliefs of perceptions, behavior, or other thoughts.
Examples of subjects suitable for data that is primary.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but they don't design them in a proper manner. IGNOU does not review the questionnaire thoroughly, but it must appear relevant and rational.
Guidelines for questionnaire design.
Make questions easy to understand
Beware of technological language
Use closed ended questions
Be sure to link questions with objectives
Example description for methodology section.
Primary data was gathered using an organized questionnaire made up of questions with a close-ended format that was designed according to the purpose that the investigation was aiming for.
Do not make claims for advanced survey methods if the method you used did not employ them.
The interview method is not very popular but it can be effective for small sample studies. It is suitable for case studies and qualitative topics.
Example explanation.
Primary data was gathered through personal conversations with selected employees to discover their views about the topic.
Use the interview method only if you have actually spoken to respondents.
Secondary data refers to data already taken from another source. It is frequently used 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 are dependent on secondary data.
Example explanation.
The study relies on secondary data that was gathered from annual reports or textbooks. Journals, journal, along with official web sites.
Secondary information is acceptable provided it is properly cited.
Many students believe that primary data appears better. It's not always so.
Choose the primary information when.
Your subject is a source of opinions or conduct
You are able to speak to a variety of respondents
Size of the sample is easily manageable
Use secondary data only when.
Your topic is financial, or accounting based.
This information is available via reports
This time is short
IGNOU doesn't penalize any projects on the basis of secondary information. What matters is the correct analysis.
The design of sampling describes how respondents or units were picked.
In the case of ignou's mcom project it is simple to use sampling methods enough.
The most convenient method of sampling is convenience sampling. common method used by students.
Example explanation.
Convenience sampling method was adopted to select respondents based upon accessibility and availability.
It is also acceptable by IGNOU.
Random sampling could be used If respondents were randomly chosen.
Example explanation.
Random sampling method was used to make respondents available from the overall population.
Use this only in cases where the selection occurred at random.
The sample size must be reasonable and feasible.
Sample sizes that are common in IGNOU projects range from 30 to 100 respondents for surveys.
If you are studying financials, the size of the sample could refer to the number years or businesses.
Example explanation.
The sample size consists of 50 people from the chosen group.
Or
The study includes financial information from five consecutive years.
Make sure that this is consistent with your analysis section.
Study time defines the period of time you will conduct your study.
For financial topics, write down the financial years clearly.
For survey subjects, indicate the length of collecting data.
Example.
The study period consists of three months, during which time data were collected and analysed.
This shows planning and clarity.
A lot of ignou MCOM project submissions fall foul of mistakes that could easily be avoided.
Copying methodology from internet
Using terms that are more advanced without understanding
Discord between goals and methodologies
Representing primary data in the absence of evidence
Make sure you avoid these mistakes in order to increase the quality of your work.
IGNOU evaluaters look for.
Clearness
Logical flow
relevance to topic
Full explanation
They don't have the expectation of perfect research. They demand sincere efforts.
A straightforward and easily explained approach is often better over a rewritten technical model.
Always check your objectives prior to writing methodology. Each objective should be supported by a strategy.
If the goal is to analyze the performance of financials, you should mention percentages.
If objective is to analyze the level of satisfaction among employees, you should mention questionnaires.
This alignment gives a strong impression.
Selecting the most appropriate research design and data collection methodology can be done without worrying about complexity. It's about a good fit. In an ignou MCOM project simple and clear choices are most efficient.
Understand your topic. Be truthful about the information you provide. Write your thoughts in your own words. This alone can help improve marks and confidence.