Selecting the best research design and data collection technique is among the most confusing parts of students working on their IGNOU project. A majority of students begin writing the ignou mcom proposal without being able to clearly define what research they're actually conducting. The result is that the methodology section can appear uninspired, copied, or disconnected from the topic.
This article focuses on how to select an appropriate research design and data collection technique specifically for IGNOU MCom projects. It presents concepts in simple terminology and ties them through practical examples to ensure that students can quickly apply them.
Research design functions as an outline of your research. It outlines the direction of your project. If the research method isn't correct, everything else that begins with data collection and analysis as well as conclusion becomes questionable.
IGNOU does not expect complex or technical research designs. What they require is alignment. Your design should be in line with your goals, your topic, and information availability.
Many students do not lose marks just because their content isn't good However, the style of their work isn't in line with the goal they've stated in their essay.
Research design explains what type of study you're conducting. It can answer three main questions.
What is being looked at?
the reason it is being looked at
What is being studied
In ignou's MCOM IGNOU solved project (wooriwebs.com) projects, research design usually falls within one of the categories below.
Descriptive research design is the most frequently employed design in IGNOU MCom projects. It is utilized when the purpose is denote a situation or condition or performance.
This design can be used to be used in areas such as.
Satisfaction of employees
Customers' perception
Financial performance analysis
Working capital management
Effect of training on employees
In descriptive research researchers are unable to alter variables. It is all about looking at and explaining existing facts.
Example explanation.
The study employs the method of descriptive research to examine the current financial situation of the company based upon relevant data.
This design is secure that is accepted, dependable, and simple explain in an MCOM project.
An analytical research design is utilized when the study goes far beyond description to try to determine performances or relationship patterns.
This design can be used when your project involves.
Analyzing ratios
Research on trends
Comparative study between companies
Year-to-year financial evaluation
Many finance related ignou MCOM projects use analytical design as well as descriptive design.
Example explanation.
The study implements an analytical research approach to assess the financial performance of the firm with the help of ratios and trend analysis.
This shows depth without sounding complicated.
Exploratory research is a method of conducting research when the topic is unclear or undefined. It is not as common among IGNOU MCom projects but may apply to areas like.
Emerging business practices
Digital payment adoption
New accounting standards awareness
Example explanation.
The study is based on an exploratory design of research to investigate the awareness of employees about recent accounting practices.
Use this style only when your topic is really exploring something unfamiliar.
In order to choose the most appropriate design to choose the right design, you must ask these questions.
Am I describing a present situation
Do I look at either performance or trends
Am I investigating some new ideas
If the answer is a description or description, use descriptive design.
If it is based on numbers and comparison or analysis, consider adding analytical design.
If it relies on understanding and interpreting new ideas take a look at exploratory design.
For most ignou project submissions conceptual and analytical designs will suffice.
After selecting the research method After deciding on the research design, the next task is deciding on the manner in which data will be collected. The data collection method must fit your research design.
IGNOU allows both primary and secondary data. What matters is honesty and transparency.
Primary data is data collected directly by the researcher for the first time.
The most commonly used data tools are.
Questionnaire
Interview
Observation
Primary data is important whenever your project requires opinions as well as perceptions and behavior.
Topics that could be appropriate for primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students employ questionnaires and don't make them well-designed. IGNOU doesn't evaluate the questionnaire to its fullest extent, however the design should be logical and rational.
Guidelines for questionnaire design.
Keep questions short and simple
Beware of Technical language
Use close ended questions
Incorporate questions into objectives
Example description for methodology section.
Primary data were collected with a structured questionnaire consisting of close-ended questions that were developed according to the purpose for the research.
Do not claim the latest survey techniques if they did not use them.
Interview method is not widely used however it can be useful for small sample studies. It's great for case studies and qualitative topics.
Example explanation.
Primary data was collected by personal interviews with selected employees in order to gain insight into their opinions about the issue.
Only use the interview method if participants actually engaged with you.
Secondary data is information that has been stored by an individual. It is commonly used in the ignou mcom projects work.
The sources of secondary data are.
annual reports financial statement Books Research journals Company websites Government publications
Finance and accounting issues largely require secondary information.
Example explanation.
The study is based on secondary data gathered from annual reports journal articles, textbooks as well as official sites.
Secondary information is acceptable for as long as it's properly identified.
Most students believe that primary data appears better. However, that's not always true.
Use primary data only when.
Your topic involves opinions or behavior
You have access to respondents
Sample size is manageable
Select secondary data whenever possible.
It is a financial or accounting based
Data is readily available on reports
It is time-bound
IGNOU won't punish any of its projects based on secondary information. What matters is proper analysis.
The sampling design explains why respondents or units were chosen.
In ignou mcom project work, simple sampling methods are sufficient.
The most convenient method of sampling is convenience sampling. common method used by students.
Example explanation.
The convenience sampling method was used to select respondents based upon accessibility and availability.
This is true and is acceptable by IGNOU.
Random sampling is a possibility when respondents were randomly selected.
Example explanation.
Random sampling method was used to make respondents available from the overall population.
Use this only if the pick was truly random.
The sample size should be acceptable and feasible.
Standard sample sizes for IGNOU projects vary from 30 to 100 respondents for surveys.
In financial research, sample size can be used to refer the number years or companies.
Example explanation.
The sample size is 50 participants from the selected organization.
Or
The study covers financial data of five consecutive years.
Maintain this consistency with your analysis section.
Period of study defines the timeframe of your research.
For topics related to finance, be sure to state financial years clearly.
For survey topics, mention the duration of the collection of data.
Example.
The period of study covers three months, during which time data was collected and analyzed.
This is a sign of planning and clarity.
Many ignou project submissions get ruined due to a few mistakes that can be avoided.
Copying methods from the internet
Utilizing terms of the future without knowing
the difference between the objectives and methodological approach
in claiming primary data without proof
Beware of these mistakes and improve the quality of your project.
IGNOU assessors search for.
Detachment
Logical flow
Connection to topic
Transparent explanation
They don't require flawless research. They are looking for genuine effort.
An easy to understand method is often more effective that a technical copy.
Always review your goals prior to writing the methodology. Every objective should be supported by a process.
If your goal is to look at financial performance, include the 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 method does not require complexity. It's about a good fit. In an ignou project simple, clear and straightforward decisions work best.
Make sure you know your subject. Keep your data honest. Write in your own language. This alone can help improve scores and confidence.