UPSC Preparation Strategy for Commerce and Management
Topics Covered: UPSC CSE (IAS) 2025 Preparation Strategy, Start with Basics, Right Booklist, Follow the Process, Start Answer Writing, Pratice Mock Tests, Constant Revision, Study Plan, DOs and Dont’s, Study Sequence
There is famous saying which goes as “an important key to success is self- confidence and the key to self – confidence is preparation” and the same can be said about UPSC Civil Service Examination.
To clear a competitive examination like UPSC CSE requires a carefully curated strategy aside from focused hard work and determination.
Every year, lakhs of aspirants appear for the exam to be recruited for various civil services posts announced by UPSC.
As handful of candidates are selected in the final exam process, it makes the exam as one of the toughest in the country.
Therefore, a comprehensive preparation strategy forms a significant aspect towards clearing the exam.
A robust preparation plan must include selecting the right books, a dedicated study plan, multiple revision of the topics and efficient practice of mock tests.
Inculcating all these practices would enhance your conceptual understanding and familiarize you with the exam pattern which will eventually help in acing the exam.
Talking about UPSC Mains, scoring high marks in optional papers can be game changer for the candidates in the final selection. Hence, a well- rounded approach for optional subjects becomes important for the aspirants.
To help you prepare well for the upcoming UPSC 2025 exam, I will be discussing in detail about the UPSC preparation strategy for optional subjects of Commerce and Management which will include detailed study plan, preparation tips as well as some Do’s and Don’ts.
So, without further ado, let’s dive into the UPSC CSE Preparation Strategy straightaway.
Table of Content – UPSC Preparation Strategy for Commerce and Management
1. Mentorship Programme
2. Preparation Strategy
2.1 Start With Basics
2.2 Right Booklist
2.3 Follow The Process
2.4 Start Answer Writing
2.5 Practice Mock Tests
2.6 Constant Revision
3. Study Plan
3.1 DOs & Dont’s
3.2 Study Sequence
UPSC Preparation Strategy (Commerce & Management)
One of the premium attributes that is required to ace UPSC CSE exam is a well curated and sorted strategy.
Since the UPSC Syllabus is a mountain to climb, therefore, it is logical for you to make a distinct plan and base your journey as per the plan made.
While you can make your unique strategy but to save your time, I have done that task for you regarding UPSC Commerce and Management study plan.
Therefore, if you are planning to prepare for UPSC CSE 2025, then going this comprehensive strategy will prove to be immensely beneficial.
In this section, I will be sharing the methodology regarding how to efficiently prepare for UPSC CSE Mains (Commerce & Management Optionals).
So, without further ado let’s get started.
1. Start With the Basics
The first and most important step is to understand the basic framework of the exam. To do that effectively, you can start with going through the syllabus and practicing the previous year question papers.
- First access the previous year papers of the past 4-5 years.
- Identify the topics that you are aware of or have studied before, that have been a part of these exams.
- This act can help you assess your level and upon encountering questions that you may have an idea of confidence would be induced from the start.
You can get UPSC Previous Year Papers here.
- After going through the previous year papers, download the syllabus and mark out the subjects that you have identified as your go to topics.
Follow these basics to have the best possible start.
2. Find the right booklist
After you are done with the basics, it is time to proceed to next important step which is the selection of right booklist for UPSC CSE. To choose the best books for the exam preparation, you must:
- Know the syllabus and you have identified the subjects to initiate your preparation with.
- Now find out the relevant books of the topics and get on with the reading and learning process.
To curtail your effort in finding the books, I’ve taken the onus to do that for you. So, here’s the most pertinent UPSC CSE 2025 booklist for your preparation (For Commerce and Management optionals).
3. Follow the process for 5-6 months
Devote the next 5 to 6 months on thorough study. Plan out your route by formulating a plan to cover every subject of both Commerce and Management optional or just follow the detailed plan I have devised for you.
Click on the underlined text to access the UPSC Commerce & Management Syllabus.
4. Start Answer Writing
After continuously studying there will come a stage when you will begin to feel like 50-60% of syllabus has been covered. This would be a cue for you to start practicing answer writing. Remember to make a note of this! To begin your answer- writing practice, you can follow these steps:
- After you are done with more than 50% of the syllabus, you can start with answer writing subject wise.
- Remember, answer writing from day 1 is a bad strategy. Also, answer writing only once the entire syllabus is over is also a bad strategy.
These are two extremes that have the potential to destroy your optional prep.
5. Mocks will make you solid as a Rock
Mock Tests is one of the attributes that you simply cannot do away with. It is the ultimate method to check where you stand. Moreover, I think the role of mocks has always been underrated. The confidence to crack the exam, where does it come from? Mock Tests.
What highlights your strong and weak areas? Mock Tests.
What solidifies practice through real UPSC Exam Pattern? Mock Tests.
What Increases speed? Mock Tests.
I think you got it. Hence, you need to give mocks throughout the preparation journey.
You can access the mocks that I have personally designed for you. Access UPSC Mock Tests Here.
There are two kinds of mocks that you can write in your prep –
- Firstly, once 50-60% of your syllabus gets over, you can start with chapter wise mocks. These can be created on your own or can be used through online guidance programs.
I also carry out chapter wise and subject wise mocks between October to February every year for commerce and management optionals.
- Secondly, you can take comprehensive mocks once your entire syllabus is finished. These can be taken between prelims and mains i.e., June to September approximately.
Comprehensive mocks are also conducted by me online after prelims every year. I hope you have understood the method of taking mocks and their importance. Let us move forward.
6. Constant Revision and Regular Feedback
One of the most repeated queries of students that I encounter every now and then is how to proceed with the syllabus without losing what’s already been inculcated.
The answer to this is simple- Indulge in regular revision.
- If you are done with a certain topic then don’t get complacent with it, solidify it by revisiting it again and again.
- You can make this a weekly exercise. Plan and pick a topic every week for revision.
- While revision is vital, practicing answer writing is as crucial as it gets.
- Along with consistent practice of writing answer, get regular feedback of your written answers. This way you’d know your weaknesses and how much you’d have to improve.
- Follow this rigorous process and your syllabus will be completed in somewhat January or February. Provided you have started your preparation in March/April.
Let me share a link with you that contains the perfect way to revise. I call it ACTIVE REVISION.
I can guarantee that if you change your study routine to inculcate Active Revision every day or every week, NO ONE can stop you from scoring 300 plus in Commerce and Management Optionals.
UPSC Study Plan for Commerce and Management
Following the preparation strategy, let me take you to the day-wise schedule to prepare for both UPSC Management and Commerce.
It is going to be a 180-day plan in which you have to devote 2-4 hours daily on your Commerce or Mangement optional.
Pick one subject at a time and take considerable time in between for answer writing and revision.
The plan I’ve made includes everything even the regular breaks. You just have to follow it thoroughly and rest assured the syllabus will be completed well within time.
Here’s the day-wise chart of UPSC Commerce and Management for you to prepare.
UPSC Study Plan for Commerce
If you are planning to prepare for UPSC CSE with commerce as your optional subject, then you can check the detailed day – wise study plan I have provided for the holistic UPSC Commerce Study Plan for preparation in the table below:
Days | Topic | Sub-Topic |
---|---|---|
Day 1 | Financial Accounting | Understanding Syllabus |
Day 2 | Financial Accounting | Accounting for Share Capital Transactions |
Day 3 | Financial Accounting | Bonus Shares, Right Shares |
Day 4 | Financial Accounting | Employees Stock Option and Buy-Back of Securities |
Day 5 & 6 | Financial Accounting | Preparation and Presentation of Company Final Accounts |
Day 7, 8 & 9 | Financial Accounting | Amalgamations, Absorption and Reconstruction of Companies |
Day 10, 11 & 12 | Financial Accounting | Accounting Standards |
Day 13 | Financial Accounting | Accounting as a financial information system; Impact of behavioural sciences |
Day 14, 15 & 16 | Financial Accounting | Comprehensive question and Answer writing |
Day 17 | Break | |
Day 18 | Cost Accounting | Understanding Syllabus |
Day 19 | Cost Accoutning | Nature and functions of cost accounting. Installation of Cost Accounting System |
Day 20 | Cost Accounting | Cost Concepts related to Income Measurement, Profit Planning, Cost Control and Decision Making |
Day 21 | Cost Accounting | Job Costing |
Day 22 | Cost Accounting | Process Costing |
Day 23 | Cost Accounting | Activity Based Costing |
Day 24 | Cost Accounting | CVP Analysis |
Day 25 & 26 | Cost Accounting | Incremental Analysis/Differential Costing as a Tool of Pricing Decisions, Product Decisions, Make or Buy Decisions, Shut-Down Decisions etc. |
Day 27 & 28 | Cost Accounting | Budgeting |
Day 29 | Cost Accounting | Standard Costing and Variance Analysis |
Day 30 | Cost Accounting | Responsibility Accounting and Divisional Performance Measurement |
Day 31, 32 & 33 | Cost Accounting | Comprehensive question and Answer writing |
Day 34 | Break | |
Day 35 & 36 | Backup Days | |
Day 37 | Organisation theory | Understanding syllabus |
Day 38 | Organisation theory | Nature and Concept of Organisation |
Day 39 | Organisation theory | Organisational environment |
Day 40 | Organisation theory | Organisational goals and MBO |
Day 41 & 42 | Organisation theory | Organisation theory |
Day 43, 44 & 45 | Organisation theory | Organisational Design—Basic Challenges; Differentiation and Intergration Process; Centralization and Decentralization Process; Standardization/Formalization and Mutual Adjustment. Coordinating Formal and Informal Organizations. Mechanistic and Organic Structures |
Day 46, 47 & 48 | Organisation theory | Organsiational structure |
Day 49 | Organisation theory | Power and Politics |
Day 50 | Organisation theory | Impact of Information Technology |
Day 51 | Organisation theory | Organizational Culture |
Day 52 & 53 | Organisation theory | Answer writing |
Day 54 | Break | |
Day 55 | Organisation behaviour | Understanding syllabus |
Day 56 | Organisation behaviour | Meaning and Concept; Individual in organization |
Day 57 | Organisation behaviour | Personality |
Day 58 | Organisation behaviour | Pereception |
Day 59 & 60 | Organisation behaviour | Motivation |
Day 61 | Organisation behaviour | Leadership |
Day 62 | Organisation behaviour | Quality of Work Life (QWL) |
Day 63 | Organisation behaviour | Quality Circles (QC) |
Day 64 | Organisation behaviour | Conflicts |
Day 65 | Organisation behaviour | Organisational change |
Day 66 | Organisation behaviour | Transactional Analysis, Organizational Effectiveness |
Day 67 & 68 | Organisation behaviour | Answer writing |
Day 69 | Break | |
Day 70 & 71 | Backup Days | |
Day 72 | Revision | Financial Accounting |
Day 73 | Revision | Cost Accounting |
Day 74 | Financial Management | Understanding syllabus |
Day 75 | Financial Management | Finance Function : Nature, Scope and Objectives of Financial Management |
Day 76 | Financial Management | Risk and Return Relationship |
Day 77 | Financial Management | Ratio Analysis |
Day 78 | Financial Management | Funds-Flow |
Day 79 | Financial Management | Cash-Flow Statement |
Day 80 & 81 | Financial Management | Capital Budgeting |
Day 82 | Financial Management | Cost of Capital |
Day 83 | Financial Management | Theories of Capital Structure |
Day 84 | Financial Management | Leverage analysis |
Day 85 | Financial Management | EBIT-EPS Analysis |
Day 86 & 87 | Financial Management | Dividend Decisions and Valuation of Firm |
Day 88, 89 & 90 | Financial Management | Working Capital Management |
Day 91 | Financial Management | Corporate Restructuring |
Day 92, 93 & 94 | Financial Management | Comprehensive question and Answer writing |
Day 95 | Break | |
Day 96 | Auditing | Understanding Syllabus |
Day 97 & 98 | Auditing | Introduction |
Day 99 & 100 | Auditing | Company Audit |
Day 101, 102 & 103 | Auditing | Audit of Banking, Insurance, Non-Profit Organization and Charitable Societies/Trusts/Organizations |
Day 104 & 105 | Auditing | Answer Writing |
Day 106 | Break | |
Day 107 | Revision | Organisation Theory |
Day 108 | Revision | Organisation Behaviour |
Day 109 | HRM | Understanding Syllabus |
Day 110 | HRM | Meaning Nature and Scope of HRM |
Day 111 | HRM | Human Resource Planning |
Day 112 | HRM | Job Analysis, Job Description, Job Specification |
Day 113 | HRM | Recruitment Process, Selection Process |
Day 114 | HRM | Orientational and Placement, Training and Development Process |
Day 115 | HRM | Performance Appraisal and 360° Feed Back |
Day 116 | HRM | Salary and Wage Administration |
Day 117 | HRM | Job Evaluation |
Day 118 | HRM | Employee Welfare |
Day 119 | HRM | Promotions, Transfers and Separations |
Day 120 & 121 | HRM | Answer writing |
Day 122 | Break | |
Day 123 | Industrial Relation | Understanding syllabus |
Day 124 | Industrial Relation | Meaning, Nature, Importance and Scope of IR |
Day 125 | Industrial Relation | Trade Union |
Day 126 | Industrial Relation | Industrial Disputes |
Day 127 | Industrial Relation | Worker’s Participation in Management |
Day 128 | Industrial Relation | Collective Bargaining |
Day 129 | Industrial Relation | Industrial Relations in Public Enterprises |
Day 130 | Industrial Relation | Absenteeism and Labour Turnover in Indian Industries and their Causes and Remedies |
Day 131 | Industrial Relation | ILO and its Functions |
Day 132 & 133 | Industrial Relation | Answer writing |
Day 134 | Break | |
Day 135 | Revision | Financial Management |
Day 136 | Revision | Auditing |
Day 137 | Revision | Financial Accounting |
Day 138 | Revision | Cost Accounting |
Day 139 & 140 | Backup Days | |
Day 141 | FMI | Understanding syllabus |
Day 142 | FMI | Indian Financial System: An Overview |
Day 143 | FMI | Money Markets |
Day 144 | FMI | Commercial Banks |
Day 145 & 146 | FMI | Reforms in Banking Sector |
Day 147 | FMI | RBI as a Regulator |
Day 148 | FMI | Monetary and Credit Policy of RBI |
Day 149 | FMI | Capital Market : Primary and Secondary Market |
Day 150 | FMI | Financial Market Instruments and Innovative Debt Instruments |
Day 151 | FMI | SEBI as a Regulator |
Day 152 & 153 | FMI | Financial Services : Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and IRDA |
Day 154 & 155 | FMI | Answer writing |
Day 156 | Break | |
Day 157 | Income tax | Understanding syllabus |
Day 158 | Income tax | Income Tax: Definitions. Basis of charge |
Day 159 | Income tax | Incomes which do not form part of total income |
Day 160 | Income tax | Income from salary |
Day 161 | Income tax | Income from House Property |
Day 162 | Income tax | Income from Profits and Gains from Business or Profession |
Day 163 | Income tax | Income from Capital Gains |
Day 164 | Income tax | Income from other sources |
Day 165 | Income tax | Income of other Persons included in Assessee’s Total Income |
Day 166 | Income tax | Set-off and Carry forward of Loss |
Day 167 | Income tax | Deductions from Gross Total Income |
Day 168 | Income tax | Salient Features/Provisions Related to VAT and Services Tax |
Day 169, 170 & 171 | Income tax | Comprehensive question and Answer writing |
Day 172 | Break | |
Day 173 | Revision | HRM |
Day 174 | Revision | Industrial Relation |
Day 175 | Revision | Organisation theory |
Day 176 | Revision | Organisation behaviour |
Day 177 | Break | |
Day 178 | Revision | Full |
Day 179 | Full length Mock | |
Day 180 | Mock Analysis |
UPSC Study Plan for Management
If you are planning to prepare for UPSC CSE with Management as your optional subjects for Mains exam, then you can check the comprehensive day–wise study plan I have provided for integrated UPSC Management preparation in the table below:
Days | Topic | Sub-Topic |
---|---|---|
Day 1 | Managerial Function and Process | Understanding Syllabus |
Day 2 | Managerial Function and Process | Personality |
Day 3 | Managerial Function and Process | Values and Attitude |
Day 4 | Managerial Function and Process | Perception |
Day 5 | Managerial Function and Process | Motivation |
Day 6 | Managerial Function and Process | Leadership |
Day 7 | Managerial Function and Process | Analysis of interpersonal relationship |
Day 8 | Managerial Function and Process | Conflict |
Day 9 | Managerial Function and Process | Organisational change |
Day 10 | Managerial Function and Process | Employee welfare |
Day 11 | Managerial Function and Process | Organizational Effectiveness |
Day 12 | Managerial Function and Process | Learning & Stress |
Day 13 | Managerial Function and Process | Communication and Decision Making |
Day 14 | Managerial Function and Process | Decision making |
Day 15 | Managerial Function and Process | Comprehensive Answer Writing |
Day 16 | Organisation behaviour | Understanding syllabus |
Day 17 | Organisation behaviour | Meaning and Concept; Individual in organization |
Day 18 | Organisation behaviour | Personality |
Day 19 | Organisation behaviour | Pereception |
Day 20 & 21 | Organisation behaviour | Motivation |
Day 22 | Organisation behaviour | Leadership |
Day 23 | Organisation behaviour | Quality of Work Life (QWL) |
Day 24 | Organisation behaviour | Quality Circles (QC) |
Day 25 | Organisation behaviour | Conflicts |
Day 26 | Organisation behaviour | Organisational change |
Day 27 | Organisation behaviour | Transactional Analysis, Organizational Effectiveness |
Day 28 | Organisation behaviour | Answer writing |
Day 29 | Revision | Managerial Function and Process |
Day 30 | Revision | Organisation behaviour |
Day 31 | HRM | Understanding Syllabus |
Day 32 | HRM | Meaning Nature and Scope of HRM |
Day 33 | HRM | Human Resource Planning |
Day 34 | HRM | Job Analysis, Job Description, Job Specification |
Day 35 | HRM | Recruitment Process, Selection Process |
Day 36 | HRM | Orientational and Placement, Training and Development Process |
Day 37 | HRM | Performance Appraisal and 360° Feed Back |
Day 38 | HRM | Salary and Wage Administration |
Day 39 | HRM | Job Evaluation |
Day 40 | HRM | Employee Welfare |
Day 41 | HRM | Promotions, Transfers and Separations |
Day 42 | HRM | Answer writing |
Day 43 | Accounting for Managers (Financial Accounting) | Understanding syllabus |
Day 44 | Accounting for Managers (Financial Accounting) | Financial accounting—concept, importance and scope, generally accepted accounting principles |
Day 45 & 46 | Accounting for Managers (Financial Accounting) | Preparation of financial statements with special reference to analysis of a balance sheet and measurement of business income |
Day 47 | Accounting for Managers (Financial Accounting) | Inventory valuation and depreciation |
Day 48 | Accounting for Managers (Financial Accounting) | Financial statement analysis |
Day 49 | Accounting for Managers (Financial Accounting) | Fund flow analysis, The statement of cash flows |
Day 50 & 51 | Accounting for Managers (Cost Accounting) | Comprehensive question and Answer writing |
Day 52 | Accounting for Managers (Cost Accounting) | Understanding syllabus |
Day 53 | Accounting for Managers (Cost Accounting) | Management accounting concept, need, importance and scope and Cost accounting—records and processes, cost ledger and control accounts |
Day 54 | Accounting for Managers (Cost Accounting) | Reconciliation and integration between financial and cost accounts |
Day 55 | Accounting for Managers (Cost Accounting) | Overhead cost and control |
Day 56 | Accounting for Managers (Cost Accounting) | Job costing and process costing |
Day 57 | Accounting for Managers (Cost Accounting) | Budget and budgetary control, Performance budgeting, Zero-base budgeting |
Day 58 | Accounting for Managers (Cost Accounting) | Relevant costing and costing for decision-making |
Day 59 | Accounting for Managers (Cost Accounting) | Standard costing and variance analysis |
Day 60 | Accounting for Managers (Cost Accounting) | Marginal costing and absorption costing |
Day 61 & 62 | Accounting for Managers (Cost Accounting) | Comprehensive question and Answer writing |
Day 63 | Financial Management | Understanding Syllabus |
Day 64 | Financial Management | Goal of Finance Function and Concepts of value and return |
Day 65 | Financial Management | Valuation of bonds and Shares |
Day 66 | Financial Management | Management of working capital: Estimation and Financing |
Day 67 | Financial Management | Management of cash , Management of receivables , Management of inventory |
Day 68 | Financial Management | Cost of capital |
Day 69 | Financial Management | Capital budgeting, Financial and operating leverage |
Day 70 | Financial Management | Design of capital structure: theories and practices |
Day 71 | Financial Management | Shareholder value creation: dividend policy |
Day 72 | Financial Management | Corporate financial policy and strategy, management of corporate distress and restructuring strategy |
Day 73 | Financial Management | Capital and money markets: institutions and instruments , Recent reforms in financial sector |
Day 74 | Financial Management | Leasing hire purchase and venture capital |
Day 75 | Financial Management | Risk and return: portfolio theory; CAPM; APT |
Day 76 | Financial Management | Financial derivatives: option, futures, swap |
Day 77 & 78 | Financial Management | Comprehensive question and Answer writing |
Day 79 | Marketing Management | Understanding syllabus |
Day 80 | Marketing Management | Concept; scope, Evolution |
Day 81 | Marketing Management | Marketing strategy formulation and components of marketing plan |
Day 82 | Marketing Management | Segmenting, targeting the market, Positioning and differentiating the market offering |
Day 83 | Marketing Management | Analyzing competition |
Day 84 | Marketing Management | Industrial buyer behaviour |
Day 85 | Marketing Management | Market research |
Day 86 | Marketing Management | Product strategy |
Day 87 | Marketing Management | Pricing strategies |
Day 88 | Marketing Management | Designing and managing Marketing channels, Integrated marketing communications |
Day 89 | Marketing Management | Building customer satisfaction, Value and retention |
Day 90 | Marketing Management | Services |
Day 91 | Marketing Management | Ethics in marketing; Internet marketing, Holistic Marketing and non-profit marketing |
Day 92 | Marketing Management | Consumer protection, Retail management, Customer relationship management |
Day 93 & 94 | Marketing Management | Answer writing |
Day 95 | Revision | Financial Management |
Day 96 | Revision | Marketing Management |
Day 97 | Quantitative Techniques in Decision Making | Understanding Syllabus |
Day 98 | Quantitative Techniques in Decision Making | Descriptive and inferential statistics |
Day 99 | Quantitative Techniques in Decision Making | Probability and probability distribution |
Day 100 | Quantitative Techniques in Decision Making | Sampling and central limit theorem |
Day 101 | Quantitative Techniques in Decision Making | Hypothesis testing, Z and t test |
Day 102 | Quantitative Techniques in Decision Making | Chisquare and ANOVA |
Day 103 | Quantitative Techniques in Decision Making | Correlation and regression |
Day 104 | Quantitative Techniques in Decision Making | Time series and forecasting |
Day 105 | Quantitative Techniques in Decision Making | Statistical decision theory |
Day 106 | Quantitative Techniques in Decision Making | Index numbers |
Day 107 | Quantitative Techniques in Decision Making | Linear programming |
Day 108 & 109 | Quantitative Techniques in Decision Making | Comprehensive question and Answer writing |
Day 110 | Production and Operations Management | Fundamentals of operations management, Organizing for production |
Day 111 | Production and Operations Management | Aggregate production planning, capacity planning, process planning |
Day 112 | Production and Operations Management | Management of facilities, Equipment replacement and maintenance |
Day 113 | Production and Operations Management | Statistical process control |
Day 114 | Production and Operations Management | R&D management , Inventory control, MRP |
Day 115 | Production and Operations Management | Quality management, Six Sigma |
Day 116 | Production and Operations Management | Flexibility and agility in manufacturing systems; World class manufacturing |
Day 117 | Production and Operations Management | Supply, chain management—vendor evaluation and audit |
Day 118 | Production and Operations Management | Project management concepts |
Day 119 | Production and Operations Management | Plant design, Line balancing, Waste management |
Day 120 | Production and Operations Management | Management of service operations, Importance of materials management, plant size and scale of operations |
Day 121 | Production and Operations Management | Value analysis, make or buy decision |
Day 122 | Production and Operations Management | Production control |
Day 123 & 124 | Production and Operations Management | Comprehensive question and Answer writing |
Day 125 | Revision | Quantitative Technoiques in Decision Making |
Day 126 | Revision | Production and Operations Management |
Day 127 | Strategic Cost Management | Business policy as a field of study; Nature and scope of strategic management, Strategic intent, vision, objectives and policies; Process of strategic planning and implementation; |
Day 128 | Strategic Cost Management | Environmental analysis and internal analysis; SWOT analysis |
Day 129 | Strategic Cost Management | Tools and techniques for strategic analysis—Impact matrix: The experience curve, BCG matrix, GEC mode, Industry analysis, Concept of value chain |
Day 130 | Strategic Cost Management | Strategic profile of a firm; Framework for analysing competition; Competitive advantage of a firm; Generic competitive strategies; Growth strategies—expansion, integration and diversification |
Day 131 | Strategic Cost Management | Concept of core competence, Strategic flexibility; Reinventing strategy; Strategy and structure; chief Executive and Board; turnaround management; Management of strategic change; Strategic alliances, Mergers and Acquisitions |
Day 132 | Strategic Cost Management | Strategy and corporate evolution in the Indian context |
Day 133 & 134 | Strategic Cost Management | Comprehensive question and Answer writing |
Day 135 | International Business | International Business Environment |
Day 136 | International Business | Changing composition of trade in goods and services; India’s Foreign Trade: Policy and trends |
Day 137 | International Business | Export Management; Export-Import procedures |
Day 138 | International Business | Financing of International trade |
Day 139 | International Business | Regional Economic Cooperation; FTAs |
Day 140 | International Business | Internationalisation of service firms, International production |
Day 141 | International Business | Operation Management in International companies |
Day 142 | International Business | International Taxation |
Day 143 | International Business | Global competitiveness and technological developments |
Day 144 | International Business | Global E-Business |
Day 145 | International Business | Designing global organisational structure and control |
Day 146 | International Business | Multicultural management |
Day 147 | International Business | Joint Ventures; Cross-border Mergers and Acquisitions |
Day 148 | International Business | Foreign Investment: Foreign direct investment and foreign portfolio investment |
Day 149 | International Business | Foreign Exchange Risk Exposure Management |
Day 150 | International Business | Country Risk Analysis |
Day 151 | International Business | International Banking, World Financial Markets; External Debt Management |
Day 152 & 153 | International Business | Comprehensive question and Answer writing |
Day 154 | Revision | Strategic Cost Management |
Day 155 | Revision | International Business |
Day 156 | Government Business Interface | Government clearances for establishing a new enterprise; Government control over price and distribution |
Day 157 | Government Business Interface | Public Distribution System , Government’s policy with regard to Small Scale Industries |
Day 158 | Government Business Interface | New Industrial Policy of the Government liberalization, deregulation and privatisation |
Day 159 | Government Business Interface | Consumer Protection Act (CPA) and The Role of Voluntary Organizations in protecting consumers’ rights |
Day 160 | Government Business Interface | Corporate Governance, Cyber Laws |
Day 161 | Government Business Interface | The Responsibilities of the business as well as the Government to protect the environment |
Day 162 | Government Business Interface | Indian planning system; Government policy concerning development of Backward areas/regions |
Day 163 | Government Business Interface | Comprehensive question and Answer writing |
Day 164 | Management Information System | Understanding syllabus |
Day 165 | Management Information System | Conceptual foundations of information systems; Information theory |
Day 166 | Management Information System | Information resource management; Types of information Systems; Systems Development—Overview of Systems and Design |
Day 167 | Management Information System | System Development management life-cycle, Designing online and distributed environments |
Day 168 | Management Information System | Implementation and control of project; Trends in information technology; Managing data resources—Organising data |
Day 169 | Management Information System | DSS and RDBMS |
Day 170 | Management Information System | Enterprise Resource Planning (ERP), Expert systems |
Day 171 | Management Information System | e-Business architecture, e-Governance; Information systems planning, Flexibility in information systems; User involvement; Evaluation of information systems |
Day 172 | Break | |
Day 173 | Revision | HRM |
Day 174 | Revision | Marketing Management |
Day 175 | Revision | Organisation theory |
Day 176 | Revision | Organisation behaviour |
Day 177 | Break | |
Day 178 | Revision | Full |
Day 179 | Mock Analysis | |
Day 180 | Mock Analysis |
DOs and Don’ts:
Let us now come to some Dos and Don’ts for UPSC Commerce and Management Optional Subjects. .
While following the preparation strategy you need to be very meticulous and must continuously keep in check that you are onboard with the strategy.
However, as it is a long process, it is easy to take a wrong turn in this impasse. Thus, it is important for you to be aware of certain Dos and Don’ts.
Note: The following dos and don’ts are suggested by IAS Manuj Jindal (2017, AIR. 53).
DOs
- Study for Mains optional first, in this case subjects like Commerce and Management. You can study one subject at a time, that’s what I preferred. Your choice here.
- Concepts first, facts later. Don’t get obsessed with small factual questions asked in UPSC right away! If your concepts are clear, facts will be easier to remember.
- Focus on larger picture things, then come to smaller facts. This means that learn the story first, then the details.
Don’ts
- Get rid of things that don’t help you in your preparation. Stay away from distractions such as Facebook, Instagram, etc. Or use them for UPSC related study only.
- Don’t pick random sources, random magazines etc., for your optional subject, it’s a useless act.
Study Sequence
To make it further convenient for you I am summarizing the UPSC Preparation Strategy and framing it in a way that would save your time and also check your ability to comprehend things.
- Commence your preparation by studying UPSC Previous Year Papers.
- From previous year papers, identify the subjects that you have addressed in the past.
- Download the syllabus, and mark the subjects you have identified in the syllabus doc.
- Initiate syllabus with these topics.
- Focus on completing the syllabus subject after subject for the next 5-6 months.
- Upon realising you have completed 50-60% of the syllabus, start with answer writing.
- Appear in Mock Tests frequently.
- Indulge in regular revision and seek continuous feedback from a mentor.
- Dedicate yourself to this process for the next 6 months and your syllabus will be finished.
Conclusion
With this, we come to the end of the section. Till now, we have discussed in detail everything related to UPSC preparation strategy for Commerce and Management optional papers, detailed study plan and preparation tips.
I hope you find the detailed information helpful in your exam preparation. It’s time for me to bid you farewell and wish you all the luck for future endeavors!
All the best!
Keep Learning!!
About Anuj Jindal
━━━━━
Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.
UPSC CSE – Related Resources
FAQs: UPSC Preparation Strategy for Commerce & Management
- Is it possible to prepare for UPSC through self-study?
Yes, it is possible for you to prepare for UPSC through self- study as well as clear this prestigious exam. However, there are few important points you must keep in mind while beginning your exam preparation:
- You must have a comprehensive IAS preparation strategy which includes a reliable booklist and the right study material to effectively cover the syllabus.
- To clear the exam, you would also need to work hard, be dedicated, and be extremely motivated to carry on with your studies along with the dedicated IAS strategy.
However, I’d also add here, that taking help from online coaching agencies, at least as far as their Mock test series or current affairs modules go, is not a bad idea. They help cut down preparation time by a whole lot.
- How to prepare for management optional UPSC?Get hold of the UPSC Management syllabus, make a note of the topics and questions that appeared in the previous year papers.
Afterwards proceed with implementing the UPSC Management optional strategy and day-wise preparation plan given above on this page.
- How to prepare for UPSC optional commerce?To prepare and score well for UPSC Mains Commerce subject, you can check the detailed Commerce optional UPSC strategy I have given above.
- Is It Essential to Have Management Optional UPSC Notes?If you have the relevant books available then you can make your own notes while preparing. You don’t need readymade notes.
- Is commerce a scoring optional for UPSC?It’s UPSC mains. If your hard work is at the utmost level and your preparation is on mark then yes Commerce would be a scoring optional.
- Are previous years’ papers helpful in preparation for UPSC optional subjects of Commerce and Management?Yes! Solving previous year papers will be extremely beneficial in the preparation of UPSC optional subjects of Commerce and Management as it will help you familiarize with the nature of questions asked and the difficulty level of the exam.
- Can I prepare for UPSC Commerce & Accountancy by practicing mock tests only?No, while mock tests are essential in the preparation for UPSC exam optional subjects like Commerce and Accountancy, however, it is also important for you to cover the syllabus, practice previous year question papers and do multiple revisions for gaining conceptual clarity of the subject.