DEFINITIONS:Creativty - The ability to surpass traditional ideas.
Invention - Something that did not exist previously and is now recognized as a product of some unique intuition or genius.
Source for picture and text:http://2.bp.blogspot.com/_Z3W9zID191E/R9D9K-MU-II/AAAAAAAAAYs/xFh5qUEKziM/s1600-h/invention.bmp
Creativity is a process, while invention and innovation both are states. Creativity needn’t necessarily result into an invention or an invention needn’t morph itself into an innovation. An invention when exploited through an application or a business model results into an innovation, which is of value to the individual or the organization.