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If you do not want to read about Stephen Fry picking his nose etc then don't follow him!
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Exactly this. What you read on Twitter is only as good as the people you follow, if you're reading a bunch of crap then it's up to you to clean up who you're following.
As a business it's up to you to make your postings as useful as possible to attract the kind of people who may buy your products and services.
Lots of companies do it very badly, though some are making some great money from it. Others use it as a customer service channel, others use it to promote their site to media contacts. There's no such thing as a best way to use Twitter, each comapny is different and has to find the best way to use the service for themeselves.