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In order to ensure the proper understanding of the referred concepts, we have decided to adopt the definitions established by the Chancellery of the Exchequer of the United Kingdom and specified in a recently prepared document dated December 2, 2005. This document was drawn up in line with the UK’s proposed budget plan for the year 2006. The referred definitions are as follows:

Creativity
“Creativity” is the generation of new ideas – either new ways of looking at existing problems or of seeing new opportunities - perhaps by exploiting emerging technologies or changes in markets.

Innovation
“Innovation” is the successful exploitation of new ideas. It is the process that carries them through to new products, new services and new ways of running businesses or even new ways of doing business.

Design
"Design" is what links creativity and innovation. It shapes ideas to become practical and attractive propositions for users or customers. Design may be described as creativity deployed to a specific end..

This is not the general understanding about “design”. It usually applies to products and services. “Design” is also defined as the creativity applied to a specific objective.

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