Value Innovation focuses on utility, price, and cost positions, to create and capture new demand and to focus on the bigger picture, not only the numbers. Looking at the famous
Blue Ocean Strategy,
we find a visionary roadmap for uncontested markets. The ultimate innovation of value one might say. But at what price? To focus on the quest for giant Value Innovation, can lead to neglecting the here and now competition as well as putting at risk present turnover and profit. Reality shows that it is not only a very hard and risk full enterprise to develop a Blue Ocean but also that there is no structured method to find value oases in the innovation desert by method. The purpose of this paper is to show that the main obstacles are found within the boundaries of unwritten industry guidelines and cultural aspects within organizations. Existing management, institutional and social contexts are the greatest hurdles to overcome. An online questionnaire was conducted with senior managers of 21 prominent companies. These are known for their innovation capacity within their field, in order to obtain their expert opinions on Value Innovation and gain insight into their methods to embrace and embed Value Innovation in a structured basis. The research shows that there still remains much to be done as we are confronted with aspects regarding defining Value Innovation goals at a corporate level, identifying the types of innovative projects, undertaking and evaluating these projects for chances, risks and impacts and its implementation. Most, if not all, interviewed companies, are not maximizing their potential due to a limited mindset and also by not treating this area as an strategically and integral part of business. The researcher concludes with the Value Innovation Capacity Framework, a conceptual roadmap that can be walked to embrace the Value Innovation as a companies’ Key Performance Indicator.