The document discusses the significance of social media as a platform for two-way communication between companies and consumers, highlighting statistics that show high user engagement and the necessity for companies to participate actively. It reveals that while many companies acknowledge the importance of social media, a large portion do not engage regularly due to uncertainty about its effectiveness and lack of a social media policy. Best practices for creating and maintaining a social media presence, as well as crisis management strategies, are also emphasized, underscoring the need for active participation and dialogue in the digital space.