Listen

Description

Introduction: Maria Mileder is PayPal's Global Head of Innovation. Maria owns the innovation strategy and its execution, she oversees the Global Innovation Ambassador Program and she is responsible for driving PayPal's contributions within the financial services industry and the field of innovation in general. Maria's prior professional background is in Regulatory Compliance & Risk Management. Maria lived and worked in her native country Austria, Ireland here in Dublin, The USA in California and The UK in London. She holds an MSc in Economic Policy from Trinity College Dublin and a BSc in Sociology from Karl-Franzen's University in Graz Austria. 

 

Podcast Episode Summary

PayPal lives by four values, Innovation, Collaboration, Wellness and Inclusion. Maria gives us an incredibly candid insight into the ways PayPal emplys its Distributed Innovation Model to bring this value of innovation to life. The episode is littered with insight and gems for any team.  Maria shares her immutable laws for teams, best practice insights she has gleaned from the many Volunteers who have participated in her Innovation Labs over the last six years.  

 

Points made over the episode

  1. The context needs to be clear, getting clear on Mission & Vision for a project. Teams do not necessarily find the exercise of clarifying their mission and vision as sexy and often it is lofty but it provides a North Star that gives direction 
  2. Humans expect to be led, especially at the start of any initiative 
  3. Team Dynamics exist and are important to understand. The Volunteers are not obliged to work with each other, they volunteer their time so it is important that they are set up for success. This means helping everyone know each other, their motivation for the project, their strengths and weaknesses and their desires. 
  4. In the Voluntary space (and I would add in every space) you have to display empathy, to be curious to get to know your colleagues. 
  5. Empathy is frustrated by a bias for action, premature action, it is frustrated by fuzzy expectations or unspoken expectations  -Maria shares an example of the difference between experts coming onto a project and novice learners. 
  6. Recreate the physical space in the digital space. The virtual space has become transactional
  7. Encourage fun on teams-Maria shares an innocent Team Building Exercise where asking a team of 15 people to come up with the things they all have in common facilitated openness and energy, a currency that lasted the life of a project and beyond. 
  8. Give time and space for teams to learn, to grow and also to rest. Allow time for being off. 
  9. Silly or being silly is a great skill in innovation. The innovation lab encourages this spirit. Important that Leaders show the way, model behaviours that give people permission to be silly. Similar norms or ways of doing things are important to be shared.