Novelty:
Is basically to create something new, never seen before or never been experienced before. As a result, to bring a new thing (could be anything) into an era; that thing considered as novelty in that particular era.
Creativity:
Is a name of an action of bringing out a new idea or a new concept.
Innovation:
It's the so called "new idea" or "new concept" that has been brought.
Invention:
Is the result of using the "new idea" or "new concept" that has been brought and produce something useful or at least something that can be used.
Now, if we were about to put all the 4 words together, it'd form a story:

"Once upon a time, there was a young guy in a very humble village. His biggest dream is to become rich and help his parents whom are very old take care of him. So this brave young guy wanted to go out from his village to achieve his biggest dream but his feet won't agree with him. So, he decided to make something so he can go out from his village and achieve his biggest dream. One day, he was thinking about something that could run faster than his feet
(Creativity). And so, he came up with the idea of making a bicycle
(Innovation). He works hard to make the parts and to fix them together until he finishes with his bicycle
(Invention). Finally, he got out from his village heading to the town. The first idea came out from his mind once he stopped there is to take his idea of his bicycle and sell it to the people in town. Unfortunately, no one was interested in his idea until a young man came to him who really liked the idea of bicycle. This young man offered to be a partner in a business to present this idea to the whole people of the town and sell bicycles. Finally, After a not long time, the young guy and the young man became famous in this town while all the people were enjoying their own new bicycles
(Novelty). At last, the young guy became rich as he achieved his biggest dream. So, he went back to his village as a rich guy and he helped his and his town and lived a happy life."
The story is kinda long, but I've tried my best to put the 4 words into many situations so they can be well understood. I hope from the readers to deliver what I was saying successfully. :)