The document discusses the importance of having a social media policy for an organization. It notes that a policy should identify the organization's culture and voice, anticipate audience engagement, set guidelines for online engagement, prevent and respond to communications crises, and adapt over time. It also discusses controlling communications through owned channels like websites and blogs versus uncontrolled channels like other people's websites. Finally, it emphasizes that a policy needs to consider people, rules, and guidelines for social media use.