The report offers a tool for diagnosing industrial value chains. It provides guidance on defining the elements necessary for the development and upgrading of entire value chains, not just parts of them. The focus is on industrial value chains, meaning those that engage in the processing and transformation of primary products into consumable goods and thereby generate value added. Unlike conventional value chain analysis, this tool places particular emphasis on the processing and manufacturing segment with its downstream (market) and upstream (supplies) relationships. It adds to the existing literature on value chain analysis1 by introducing the “industrial perspective” and complements other value chain analysis tools that centre on “primary production” and “market orientation”.