This document defines social business and outlines its key components. A social business is one that is smartly connected, actively intelligent, adaptable, agile, open, and empowering. It uses technology to remove communication barriers. A social business listens to various information sources and allows its organization to flexibly meet customer and employee needs. In comparison, social media are the platforms people use to interactively communicate and create, like Facebook and Twitter, while social business is how a company optimizes its internal processes to take advantage of social media opportunities while mitigating risks. Building a successful social business requires vision, cultural readiness, social strategy, communication, training, and the right social technologies.