This document discusses how social media has changed the workplace and business practices. It begins by outlining how social media is now used for marketing, recruiting, and sales. However, it can also pose liabilities if not properly addressed through policies. The document then details how companies can benefit from social media for branding, publicity, and evaluating job candidates, but also faces risks like bad publicity and legal issues. It emphasizes the importance of organizations developing clear social media policies and training to mitigate risks and clarify appropriate usage for employees.