Mike Harris, Chairman of Innovation at RBS lists five things a CEO of a large organization must do to execute on innovation:

Be visibly and vocally behind the innovation agenda
Make a strategic case for innovation
Put an innovation infrastructure in place with processes for education and customer insight
Create an environment that values prototypes and pilots
Establish a innovation [...]

We just received an update on the projects delivered for a financial services innovation program that ran from April through July of this year. Already it is looking like one of our most successful programs. Nine out of the ten projects are moving forward in some form. Highlights include a $1-billion mandate for an offering [...]