This document summarizes how streamlining communications through social media can benefit businesses. It discusses how social media is primarily for consumers but can also be used effectively for business communications. For communication to be streamlined within an organization, the internal business culture also needs to shift from one focused on hierarchy, competition and rigid structures, to one emphasizing collaboration, cooperation and flexible networks. The document provides examples of social media tools that can be used and presents a case study of a large industrial company that saw success by strategically implementing an enterprise social network that fostered knowledge sharing and innovation across its global operations. Quick pointers on launching a successful social media strategy emphasize starting with listening, allowing for interaction and transparency.