VP of Marketing Mike Lewis discusses 5 common social media challenges that businesses face: 1) inability to scale social media efforts, 2) lack of security and control over social media platforms, 3) lack of resources and buy-in for social media from companies, 4) ad-hoc and inconsistent social media reporting, and 5) lack of centralization of social media efforts across different business units. He argues that these challenges can be turned into opportunities with the right social media strategy.