Hierarchy

An organizational hierarchy is one in which the organizational chart resembles a pyramid, with each leader having a span of control of one or more subordinates. In a capitalistic market, the structure could be considered as more of an hourglass shape, with the CEO as the bottleneck in the middle, opening up, as one moves higher up the chain of command, to a larger board and then an even larger group of investors who in turn are subject to the choice of an even larger group of consumers.