The document discusses the "Wheel of Social Media Engagement" which has 5 components - information, connected, network, dynamic, and timeliness. It explains each component and how they influence a business's engagement with customers on social media. For example, the information effect discusses how relevant information spreads from a business to others, while the connected effect talks about how social media satisfies the human need for connection. Together, these 5 effects influence the impact of a business's products through social media engagement.