This document outlines the importance of having a social media strategy and provides guidance on how to develop an effective strategy. It recommends beginning by researching your current social media presence and engagement to understand your "social graph." The strategy should then define a clear objective using the SMART framework, making it specific, measurable, achievable, realistic, and time-based. With a well-defined objective and understanding of your audience, the strategy can help maximize the return on your social media activities and ensure resources are applied effectively.