The document discusses managing feedback in social media. It provides an overview of why companies need to engage in social media and how not to do it. It then gives a brief history of social media and discusses how it has impacted consumer behavior. Specifically, it notes that 70% of consumers consult review sites before purchases and over 50% use the internet in decision making. The document outlines steps companies can take to understand social media feedback and develop strategies. It provides an example of a small business that suffered when its ratings dropped on review sites. Finally, it discusses how the business landscape is changing and skills needed like data analysis and social media experts.