The document discusses the rise of social media and its potential business applications. It notes that 6 out of 10 Norwegian businesses decided to use social media in their strategies in 2009. However, traditional marketing does not work for social media. Instead, businesses should listen to customers, engage with them, encourage actions and sharing of content. Potential applications include monitoring conversations, customer service, creating debates and loyalty. Key advice includes that the social media landscape changes rapidly so businesses cannot rely on current platforms, and that the rules of engagement have changed so messaging can no longer be fully controlled.