Theoretical Underpinnings of Value Chain Analysis

Abstract

Value chain related theories evolve over time in response to critique and their own conceptual development. In addition, they are ways of assessing the real world (theoretical frameworks); generating explanations about market development practice, and provide the opportunity for comparison over space and time. The purpose of this chapter is to provide an overview of the theoretical literature on theoretical underpinnings of value chain analysis. The approach used has been a sort of desktop review which involved collection of important secondary data to corroborate facts and to understand key issues pertinent to the theories was fundamental. After a search for literature, the review employed a method known as content analysis. The review result showed that the theories regarding value chain analysis intended, in time, by simplifying the reality or image to comprehend the phenomena with the purpose of their forecasting. In addition, the theories presented an increased concern, irrespective of the place where they were developed, but also, they stirred some critics. Moreover, it is the belief of this book chapter that it is intended to serve as both a summary of the state of the field and an overview reference for users.