A corporate hierarchy provides structure to any organization. By organizing employees into a hierarchy, the corporation can more efficiently assign tasks, determine who is responsible for tasks, and how people may progress within the organization. This structure usually involves at least three levels of management: upper management, middle management, and lower supervision.

At the top of a corporation is usually the Board of Directors. This group is responsible for overseeing all aspects of the company, as well as determining the company's vision and mission. Each board member provides an expert opinion on important business decisions and is directly accountable to the shareholders. Under each board member is the executive team, which consists of the president, the chief executive officer (CEO), the chief financial officer (CFO), and other high-level executives.

The second layer of the corporate hierarchy is the middle management. These are the individuals who are in charge of the day-to-day operations of the company. They supervise the department directors, who manage the various departments within the company. The directors are in turn responsible for the team leaders, who supervise teams of employees. Each team member is tasked with completing specific duties that contribute to the company’s overall objectives.

At the bottom of the corporate hierarchy is the rank-and-file employees. These are the individuals who carry out the daily tasks necessary to keep the company running. They are typically the lowest-paid members of the staff and may have minimal interaction with other levels of management.

The corporate hierarchy plays a vital role in the efficient running of a corporation. It allows organizations to assign tasks to the correct individuals, while also enabling employees to progress within the organization. As a corporation grows, the structure of its hierarchy is likely to become more complex. However, having a clear corporate hierarchy in place can help ensure that the organization is properly managed and that tasks are properly assigned.