Definition of Corporate hierarchy:
The term corporate hierarchy refers to the arrangement and organization of individuals within a corporation according to power, status, and job function. In general, a hierarchy is any system or organization in which people or groups are ranked one above the other according to status or authority. While most corporations and businesses have hierarchies, they can also be part of any organization, including governments and any organized religion.
The organizational structure of a company that delineates the relationships of power, responsibility and function among stakeholders, management and employees and generally reflects the style of management that permeates the organization. For example, a company with flat hierarchy in which a larger number of managers report directly to the CEO is considered to have a partnership approach to management and compensation.
A corporate hierarchy delineates both authority and responsibility, and designates leadership over a corporation's employees, departments, divisions, and other executives depending on their place within the strata.
How to use Corporate hierarchy in a sentence?
- Corporate hierarchy refers to the organization of people within a corporation according to power, status, and job function.
- Small businesses generally have a simple organizational structure, while the structure of larger corporations tends to be more complex.
- Corporate hierarchies typically resemble a pyramid—the more powerful people sit at the top, while employees with the least amount of power are at the bottom.
Meaning of Corporate hierarchy & Corporate hierarchy Definition