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Inter-firm relationships facilitated through online social networks like LinkedIn are both a collaborative asset and a competitive risk. Although there are clear benefits to sharing ideas and problems with an extended professional networks, there are also risks of inappropriate or accidental sharing of sensitive information with competitors due to a lack of formal policies, guidelines or training around the appropriate usage of online social networks and the types of information that can and can't be shared over these networks. These risks can be mitigated through best practices such as the creation of explicit guidelines on inter-firm information sharing as well as training to educate users on the use and interpretation of the guidelines. Employing these risk reduction strategies will ensure that the benefits of inter-firm connectedness continue to outweight the risks.