The five levels of hierarchy in a company's organizational structure begin with the board of directors, who make strategic decisions and provide guidance to the company. At the next level, the CEO oversees the entire operation, working closely with the board to implement their vision. Following the CEO, the other chief executives, such as the Chief Financial Officer and Chief Operating Officer, handle specific areas of the company's functions. Vice presidents then manage different departments or areas within the company, overseeing the work of directors who lead smaller teams or divisions. At the bottom of the hierarchy, managers supervise and guide lower-level employees in their daily tasks, ensuring the smooth execution of operations.