I took a Strategy course that Prof. Smith (who I believe is one of the best professors of business strategy) teaches at the Smith School of Business. This book explains the process of formulating business strategy, analyzing industry value chains, predicting competitor moves, predicting industry structures, and all other aspects needed for a successful business strategy. Cases covered in the book are very informative and illustrate all principles of strategy elegantly. The methods listed in the book are immediately applicable. I highly recommend this book - 10 on 10!