Abstract:This paper firstly reveals the “double unknown” situation that companies are facing while coping with the increasing innovation dynamics and the increasing level of uncertainty. The traditional approaches of risk management to solve this issue have some limitations, so the paper is to go beyond the decision making to design paradigm that reduces risks by designing a new attractive solution—generic technology. Then, the theoretical framework is built on the field of innovation management, risk and technology management, platforms and modularity, organizational capabilities, design theory literature. Finally, this paper provides a new action logic of generic technology design and discloses four key directions for future research. It has important significance to the advancement of the research of the interaction between risk management and generic technology design and the expansion of strategic management research, constructing a strong theoretical foundation for continuous study.