Management involves planning, organizing, directing and controlling an organization to achieve its objectives. A manager is responsible for running the organization by motivating employees to complete work while coordinating activities. Management is a process that involves four key functions - planning, organizing, leading and controlling. Managers require skills in human interaction, technical knowledge, and conceptual abilities to be effective. Cadbury is a global confectionery company that has faced issues like product quality complaints but addressed them through communication and packaging changes to rebuild trust. It aims to grow through acquisitions and brand expansion while maintaining profitability and financial stability.