GENE CALVERT is founder and president of Carpe Diem, a management consulting group based in Washington, D.C. He is a faculty member of the Institutes for Organization Management of the U.S. Chamber of Commerce and an associate professor of management at Johns Hopkins University.

• Part One: The Value of Risk Taking. 1. The New Realities: Walking the Management Highwire.2. Excellence and Innovation: The Rewards of Risk Taking.Part Two: Building Strong Risk-Taking Skills.3. Assess Your Boundaries, Traits, and Assumptions.4. Reframe Your Perceptions: Avoiding the Distortion Factors.5. Improve Your Decision Making: Taking the Right Risk at the Right Time.6. Confront Your Emotions: Handling the Roller Coaster Rides.7. Reduce the Dangers: Risk Taking Is Not Risk Free.8. Survive the Failures: Dealing with the Downside of Risk.Part Three: Keeping Risk Alive: Encouraging Effective Risk Taking in Yourself and Others.9. Nurture Your Skills: Learning by Taking Action.10. Foster Risk Taking in Others,Appendix: Research Notes.

GENE CALVERT is founder and president of Carpe Diem, a management consulting group based in Washington, D.C. He is a faculty member of the Institutes for Organization Management of the U.S. Chamber of Commerce and an associate professor of management at Johns Hopkins University.

• Part One: The Value of Risk Taking. 1. The New Realities: Walking the Management Highwire.2. Excellence and Innovation: The Rewards of Risk Taking.Part Two: Building Strong Risk-Taking Skills.3. Assess Your Boundaries, Traits, and Assumptions.4. Reframe Your Perceptions: Avoiding the Distortion Factors.5. Improve Your Decision Making: Taking the Right Risk at the Right Time.6. Confront Your Emotions: Handling the Roller Coaster Rides.7. Reduce the Dangers: Risk Taking Is Not Risk Free.8. Survive the Failures: Dealing with the Downside of Risk.Part Three: Keeping Risk Alive: Encouraging Effective Risk Taking in Yourself and Others.9. Nurture Your Skills: Learning by Taking Action.10. Foster Risk Taking in Others,Appendix: Research Notes.