1. The document summarizes the history and management of Perera Confectioneries (PC) under its founder Nimal Perera from 1941 to 2005. 2. It then describes the failures that occurred after two nephews and a niece took over management in 2005, which included high staff turnover, customer complaints, and accumulating debts. 3. The document analyzes the positive approaches used by Nimal Perera, such as effective planning, organizing, leading, and controlling, and contrasts them with the negative approaches of the new management that led to the company's decline.