Social media presents both opportunities and threats for businesses. It is increasingly pervasive and affects society, culture and the economy. Nearly all millennials use social networks, and user-generated content makes up a large portion of search results. However, there is no single approach for businesses, and social media needs to be addressed thoughtfully with a plan to listen, engage, and monitor over the long term. It can disrupt businesses and change what they must do to have conversations and build trust with customers.