Generating new venture ideas: The use of 'consciousness of abstracting' in entrepreneurship education

Abstract

There has always been a debate between various methods of teaching for entrepreneurship learning. Present higher education system follows prescribed pattern of curriculums. The need is to provide opportunities to have advanced thinking to understand what is happening around us. The advanced thinking involves consciousness of abstracting a principle of general semantics. The essence of practicing consciousness of abstracting will come out when an entrepreneur will be able to ponder over 'How to develop an idea'. Primarily based on the literature review and heuristic microstudy with six focus groups, this paper attempts to understand the importance of consciousness of abstracting in improving the quality of entrepreneurship education.