How do you set the scene for innovation?

Whether inside an organisation or beyond, striking the right balance between innovation and control, and being prepared to accept the possibility of failure that comes with new ideas, requires care.

Here, Lloyds Bank CEO Antonio Horta-Osorio and Eastman Kodak executive Philip Cullimore swap ideas on the ideal mix of conditions for innovation with Philip Rutnam from the Department for Business, Innovation and Skills, Michael Hayman of StartUp Britain, Richard Tyler of the Daily Telegraph and Phanish Puranam of London Business School.