In the digital world, it is much easier to share your ideas and opinions. A corporate blog and wiki site can be used to create a platform where everyone can share his or her ideas and get feedback from fellow employees.
Like any other initiative, overdoing or doing it without proper control and oversight may have its own implications. There are specific best practices to make social initiatives successful but I will leave this topic for another day. One thing is sure that social and collaboration technologies have established their value in consumer space. It is up to the business leaders to decide how they can bring these technologies in business world and reap huge benefits out of it.
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