Fortune 500 company and the federal government of the United States are seen to have many similarities when it comes to the chain of command of both these entities. The federal government has several executive branches which primarily act as advisors of the president and also help him to veto certain issues. The Vice President and fifteen executive branches are currently acting as these advisors for the president of America. Same is the case with the Fortune 500 company where it can be seen that a CEO is operating as a sole leader of the company who has several departments under him who act on his discretion. These departments and individuals under him act as the advisors of the CEO and can help him take decisions. Chief Operating Officer acts as a primary advisor of the CEO of Fortune 500 who can make him act in the best interest of the company just like the vice president. The Managing Director then comes in the branch who informs about the condition of the company to the COO or CEO along with the General Manager. The supervisors then form individual departments like that of electors in the federal government. The employees are then working in the company who help to carry out actions. These employees are the same as the employees working under the executive branches of the federal government. The shareholders in a multinational corporation act as the members of Senate in a cabinet. The members of the senate can reject a proposal by the president or accept it when it comes to the interest of federal government whereas the shareholders can also reject or accept the proposal given by the CEO.
The difference between these two entities is that these two work in a different manner. Fortune 500 does not have to care much about the general public whereas the Federal Government has to keep everything in mind. The authority of the federal government is much more than the Fortune 500. The federal ...
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