This document discusses how companies need to adapt to the new "social era" of collaboration and communication. It outlines how communication power has shifted from companies to customers, and how companies still operate like it was 1950 in some ways. The key aspects are that companies must get closer to customers, build strong networks and communities, embrace trying new things, engage people at a high level, and foster spontaneous collaboration like startups do. It promotes using social platforms and services to build rich profiles, share information openly through feeds and discovery, link, tag, comment and connect with others. The five principles of collaborative communication are presented: conversation, transparency, openness, recognition, and participation.