What is the relationship between creativity, invention, innovation, and entrepreneurship?

There is a very important relationship ...

  1. Creativity is making something new and different than what you ever did before.
  2. Creativity can be something very simple (a line drawing) to very complex (a new drug formula). Creativity may be inventive and/or innovative ... or neither!
  3. Creativity is personal ... it does not require a comparison to anything else that already exists. That is not true for inventions or innovations.
  4. Invention is making something new, useful, not obvious, and different than what already exists ... however, an invention is not necessarily better, just different!
  5. Innovation is making something not only new and different, but also better than what already exists.
  6. Entrepreneurship is applied innovation ... putting something new and better to work!