The document discusses managing a company's entire digital presence as a product to improve its quality and impact over the long term. It recommends taking a product management approach to transcend day-to-day issues, facilitate better redesigns, and avoid repetitive redesign-neglect-redesign cycles. This involves managing the digital presence holistically rather than using multiple managers, employing slightly longer planning horizons than agile methods, prioritizing high impact over glitz, and focusing relaunches on getting foundations right before adding features.