The document discusses the rise of Web 2.0 and how organizations can leverage it. Web 2.0 enables user-generated content and emphasizes participation over passive consumption. It outlines key principles like read/write Web and the wisdom of crowds. Examples of how organizations can harness Web 2.0 include targeted advertising on social networks, viral marketing campaigns, celebrity endorsements, and using blogs and widgets for PR. Enterprise 2.0 applies these tools internally for collaboration.