Episode 71: Supporting Innovation With Mike Todasco

Supporting Innovation With Mike Todasco Guest Mike Todasco (https://twitter.com/Todasco): Senior Director of Innovation at PayPal (https://paypal.com) Summary Today on the show we have Mike Todasco, the Senior Director of Innovation at PayPal. We talk about what innovation means at a company, and how to encourage innovation both if you are a PayPal sized company and if you aren’t. Mike also shares some information about PayPal’s internal innovation tournament and how they offer incentives for innovation. Notes 01:38 - What does the Senior Director of Innovation at PayPal do? 02:32 - Why should companies innovate? 04:29 - Who should be innovating? 08:26 - Assisting and Guiding in Innovation 11:15 - Introducing Innovation to Companies and Teams: Vulnerability 16:06 - Encouraging Innovation 18:44 - The Concept of Global Innovation Tournaments 24:34 - Giving People Opportunity and Exposure 28:40 - Innovation Tokens 30:59 - Innovation For Small Companies 32:39 - Interesting Innovations Special Guest: Mike Todasco.