When an organization chart shows vice presidents of marketing, manufacturing, finance, and human resources reporting directly to the president of a company, the top management group is organized as a divisional structure.

Divisional Structure

An organization structure that groups together people working on the same product, in the same area, with similar customers, or on the same processes.

Vice Presidents

Senior executives below the president level, often overseeing specific business units, functions, or operations within an organization.