Difference between creativity and innovation

Posted By: Sm Adminon: November 17, 2015In: Miscellaneous

Creativity:
Creativity is a process of making something new and useful or valuable. Creativity is a mental process that helps one to become more creative than others which cannot be measured. Creativity means generating new ideas. Creativity is about experience.
Innovation:
Innovation means bringing the new ideas into life. In other words, innovation is the process of making the dreams comes true. Innovation is practical. It is the ability to create something of subjective value. Innovation can be done only with the things which are already invented.
Differences:

Basis	Creativity	Innovation
Definition (www.oxforddictionaries.com)	The use of imagination or original ideas to create something; inventiveness	The action or process of innovating.
Synonyms	Imagination, genius, originality, talent and imagination	Modernization, introduction, departure, deviation and mutation
Antonyms	Reality	Custom, habit, tradition, rut and stagnation
Types	Its types are: Social or interpersonal Musical Spatial Bodily-kinesthetic Logical- mathematical Intrapersonal Naturalistic Verbal-linguistic	Its types are: Incremental innovation Process innovation Red ocean innovation Service innovation Business model innovation Sustainable innovation Frugal innovation Blue ocean innovation Radical innovation Open source innovation/ Crowdsourcing Experience innovation Impossible innovation Disruptive innovation User led innovations Supply chain innovation
Word origin	It was originated in between 1870-75. The lexeme in the English word creativity comes from the Latin term creō “to create, make’: its derivational suffixes also come from Latin. The word “create” appeared in English as early as the 14th century, notably in Chaucer, to indicate divine creation.	It was originated from Late Middle English: from Latin innovatio(n-), from the verb innovare.
Focus	Creativity is focused on the vast array of imaginations.	Innovation is focused on getting one particular result through one particular path.
Term	It is the term often used in literature.	It is the term often used in management.
About	Creativity is all about experience.	Innovation is practical.
Action	As for creativity, this word refers to the internal planning that occurs without the added action.	Innovation requires taking action and often requires the taking action and often refers to something that has been created and put to the test.
Related	Creativity is related to experience.	Innovation is related to observation.
Risk	It does not involve risk.	Risk is always attached to innovation.
Pronunciation	Eng (UK): /ˌkriːeɪˈtɪvɪti / Eng (US): / ˌkrēāˈtivədē/	Eng (UK): /ɪnəˈveɪʃ(ə)n / Eng (US): /ˌinəˈvāSH(ə)n /
Quantifiable	It is not quantifiable.	It is quantifiable.
Costs	Creativity is free of cost.	Innovation costs money.
Related to	It is related to thinking something new.	It is related to introducing something new.
Money consumption	It does not require money.	It requires money.
Advantages/Benefits	Its advantages are: Become a better problem solver Connect with your immunity Save money Expanded sense of time Self-awareness and expression Freedom Stress relief	Its advantages are: Profit/Margins increase; Product diversification; Product differentiation; Satisfying consumer needs; Costumer fidelization; Keeping or increasing market quota; Securing a market strategic position; Use of new business opportunities; Markets development; Personalized services; Increase of competitive advantage; Use of economies of scale.
Disadvantages	Its disadvantages are: Lack the focus Too much burden	Its disadvantages are: Planned obsolescence
Example in Sentence	She is so creative. I am not as creative as you think.	Innovation is important for organization. Scientist introduced new innovations.