Research shows companies increasingly are establishing enterprise-wide risk management programs to offer a bird's-eye view of all types of risk. So far, though, travel risk doesn't seem to be part of the conversation.

North Carolina State University's Poole College of Management has an enterprise risk management practice sponsored by Deloitte. Its reports divide risks into three buckets: macroeconomic (i.e., exposure to currency fluctuations or political instability), strategic (disruption, change in customer preferences) and operational (supplier uncertainty, succession challenges).

Traditionally, corporate risk leaders are responsible for one silo and tend to unknowingly "lob" risks to . . .

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