The Role of Abstract Thinking in Entrepreneurial Intentions and Actions

Abstract

This proposal presents a model wherein personal agency (a tendency toward abstract thinking) relates to entrepreneurial intentions, self-efficacy, and actions. Action Identification Theory states that personal agency influences individuals’ perceptions of situations, as either abstract or concrete conceptualizations, which in turn influence behavior. High levels of agency (more abstract perceptions) are proposed to relate to entrepreneurial intentions. Agency is expected to interact with self-efficacy in forming intentions and abstract thinking is expected to help maintain self-efficacy in the face of negative feedback or situational changes. Finally, abstract thinking is proposed to lead to increased entrepreneurial action planning.