Since research work is an adventurous expedition, one requires clear pathways, without which the researcher can be lost in the foggy way. To develop a good roadmap is, thus, a crucial task on the part of the researcher. Based on this assumption, this study aimed to conceptualize the notions, functions, and components of literature review that subsumes developing a conceptual framework, an outline of a research work. To achieve this objective, I adopted descriptive-interpretive design of research. Basing my study on theoretical and conceptual insights from different theoreticians' and researchers' works, I analyzed and interpreted the information obtained from the templates used by the previous researchers. I have inferred that literature review, which is indispensable in research process, functions like a beacon light for safe harbouring the research work. I have also inferred, like many have done, that the basic components of literature review consist of introduction, review of theoretical and empirical literature, implication of the review, and theoretical and/or conceptual framework/s. Its implication is that any research work needs to pave its pathways distinctly for its successful execution.