Choosing the right research design and method of data collection is among the most confusing aspects of students working on their IGNOU project. Many students begin writing the ignou mcom proposal without knowing what research they actually are conducting. In the end, it appears as if the methodology is thin, sloppy, or disconnected from the topic.
This article is focused on the process of selecting an appropriate research design and data collection technique with respect to IGNOU MCom projects. It describes concepts in a simple terminology and ties them by providing examples of how students are able apply them effortlessly.
Research design acts like an outline for your study. It defines the direction of your research project. If the design of your research is flawed, everything that will follow data collection and conclusion may be in question.
IGNOU does not believe in complex or highly technical research models. They expect alignment. The design should be a reflection of your goals, topics, and accessibility of information.
Many students get a grade not just because their writing isn't up to scratch however, their style isn't compatible with the objectives they've outlined in their essays.
Research design provides the details of what kind of research you're conducting. It is a response to three questions.
What is being considered
and why is it being researched
How it is being investigated
In the case of ignou MCOM project work research design generally falls within one of the categories below.
It is the most frequently employed design in IGNOU MCom projects. It is employed when the objective is to explain a particular situation, condition, or a particular performance.
This design is ideal for topics like.
The satisfaction of employees
Personal perceptions of customers
Performance analysis
Management of working capital
The impact of training on employees
In descriptive research The researcher is not allowed to manipulate variables. The main focus is noting and describing existing facts.
Example explanation.
The study follows the method of descriptive research to assess the current financial situation of the company based on relevant information.
This design is secure easily accepted and easy be defended in an ignou mcom project.
Analytical research designs are used for research that goes beyond description and attempts to analyse performances or relationship patterns.
This design can be used when your work involves.
Analysis of ratios
Ratio analysis
Comparative study conducted between companies
Year wise financial evaluation
Many finance related ignou mcom project subjects employ an analytical approach as well as descriptive design.
Example explanation.
The study employs an analytic design of research to evaluate the financial performance of a company with the help of ratios and trend analysis.
This shows depth without sounding complicated.
Exploratory research methodology is applied for topics that are new or not clearly defined. This is less prevalent 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 design of research to determine the perception of employees about recent accounting practices.
Make use of this design only when your subject is truly exploring something new.
To pick the appropriate design take a look at these issues.
Do I want to present an existing situation
Am I analyzing developments or performance
Are I researching an idea that is new to me?
If the answer is a description and not a description, then you should go with a descriptive design.
If it involves numbers and comparison, add analytical design.
If it seeks to understand new concepts, choose exploratory design.
For most ignou project submissions an analytical and descriptive design are more than adequate.
Once you've decided on a research strategy then the next stage is making a decision on how data will be taken. Data collection method should support your research proposal.
IGNOU accepts primary and secondary data. It is the honesty and transparency.
Primary data is information gathered directly by the researcher for the first time.
Common primary data tools include.
Questionnaire
Interview
Observation
Primary data can be helpful when your project involves opinions and perceptions.
Examples of subjects that can be used when it comes to primary data.
Employee satisfaction
Customer service quality
Investor perception
Training effectiveness
Many students use questionnaires but do not design them properly. IGNOU does not evaluate the questionnaire deeply, but it should be relevant and logical.
Guidelines for questionnaire design.
Be sure to keep questions simple
Beware of excessive technical vocabulary
Make sure you answer close-ended questions
Link questions with goals
Example description for methodology section.
The primary data was collected by using a well-structured questionnaire comprising questions with a close-ended format that was designed according to the purpose to be studied.
Do not make claims for advanced survey methods if the method you used did not apply them.
Interview method is not widely used but can be beneficial for smaller-scale studies. It's great for case studies and for qualitative topics.
Example explanation.
Primary data was gathered via personal interviews with selected employees to learn their perspectives regarding the matter.
Employ the interviewing method only if you have had contact with respondents.
Secondary data is data already collected by someone else. It is frequently used in the work of the ignou MCOM project.
Sources of secondary data include.
annual reports financial statement Books Research journals Company websites Government publications
Finance and accounting topics mostly require secondary information.
Example explanation.
The study relies on secondary data gathered from annual reports journal articles, textbooks in addition to official website.
Second-hand information is fine provided it is properly cited.
The majority of students think that primary data appears prettier. However, that's not always true.
Select primary data whenever possible.
Your subject is a source of opinions or conduct
You are able to speak to respondents
The size of the sample is acceptable
Make sure to use secondary data.
The subject you are discussing is financial or accounting based.
Data is available with reports
But time is limited
IGNOU do not weigh down projects on the basis of secondary information. All that matters is accurate analysis.
The sampling design explains why respondents or units were chosen.
For projects like IGNOU MCOM project help's mcom using simple sampling methods is sufficient.
Convenience sampling is one of the most widely used method among students.
Example explanation.
Convenience sampling method was adopted in order to pick respondents based upon availability and accessibility.
It is also was accepted by IGNOU.
Random sampling might be mentioned if respondents were selected randomly.
Example explanation.
Random sampling technique was employed to select respondents from the population.
This only applies if the choice was truly random.
The sample size should be acceptable and is manageable.
The most common sample sizes in IGNOU projects range between 30 to 100 people who take part in surveys.
When it comes to financial analysis, sample size could refers to the number years or even companies.
Example explanation.
The sample size consists of 50 people from the chosen company.
Or
The study covers financial data for five consecutive years.
Follow this with respect to your analysis section.
The length of study defines the timeframe of your study.
For financial topics, mention the financial year in a clear manner.
For survey topics, include the time of gathering data.
Example.
The study spans 3 months during which information were collected and analysed.
This shows organization and clarity.
Many ignou mcom project proposals suffer from mistakes that could be avoided.
Copying methodology from internet
using advanced terms without understanding
Mismatch between objectives and the methodology
in claiming primary data without evidence
Beware of these mistakes and improve the quality of your project.
IGNOU assessors search for.
The clarity
Logical flow
Connection to topic
Honest explanation
They do expect not to have perfect research. They require sincere effort.
Simple and well explained method is often more effective than a copied technical one.
Always check your objectives prior to writing your approach. Every goal must be backed with a plan.
If the goal is to analyse the performance of financials, you should mention percentiles.
If objective is to determine employee satisfaction, provide a questionnaire.
This alignment makes a powerful impression.
Selecting the most appropriate research design and data collection method can be done without worrying about complexity. It's all about a sense of suitability. In an ignoumcom project Simple choices that are clearly explained make the best choice.
Find out the topic you are discussing. Don't lie about your data. Write your thoughts in your own words. This alone can increase both scores and confidence.