In my most recent post I meant to include the working definition of entrepreneurship that I use in my classes (and in my own work). It comes from William Green, the former Dean of the College at the University of Rochester.
…we understand entrepreneurship to mean the transformation of an idea into an enterprise that creates value—economic, social, cultural, or intellectual.
The reason I find this definition so powerful is its inclusion of the intellectual domain. With this inclusion, the creation of news ways of thinking becomes an entrepreneurial activity.