Corporate structure refers to the way a company is organized, including its hierarchy and the roles of its various departments. It typically includes levels such as executives, managers, and employees, each with specific responsibilities. This structure helps define how decisions are made and how information flows within the organization. There are different types of corporate structures, such as functional, divisional, and matrix structures. A functional structure groups employees by their roles, while a divisional structure organizes them by product lines or markets. A matrix structure combines both approaches, allowing for more flexibility and collaboration across departments.