Corporate divisions are distinct segments within a company, each responsible for specific functions or products. These divisions allow organizations to focus on different markets or areas of expertise, enhancing efficiency and specialization. For example, a large corporation may have divisions for marketing, sales, and research and development. Each division operates semi-independently, often with its own management team and budget. This structure helps companies respond quickly to changes in the market and allocate resources effectively. By organizing into divisions, companies like General Electric or Procter & Gamble can streamline operations and improve overall performance.