This document discusses creativity and innovation. It defines creativity as generating innovative ideas and implementing them. It provides definitions of creativity from various scholars and outlines the nature and characteristics of creativity. It then describes characteristics of creative people and lists components and techniques of creativity. The document also defines innovation as executing new ideas to create value. It discusses what makes something innovative and distinguishes between invention and innovation. Finally, it outlines different types of innovation, including incremental, disruptive, architectural, and radical innovation.