In a typical corporation, a board of directors is chosen by the stockholders, usually via elections, to oversee the corporation. The directors then choose managers to make detailed decisions. "Labor" and "management" are often discussed as if they were sharply distinct aspects of a corporation's structure. In reality, however, every position in the company partakes of both aspects:

Every manager, from the president down, is also a worker—specifically, an employee providing labor services to the board. Even the directors are employed by the stockholders and can be "fired" by precisely defined legal procedures.
Every worker is, in an important sense, a manager. Assuming that the corporation operates in a free market, without governmental intervention, each worker is hired to act and produce—and every act of production, no matter how menial, requires at least some limited area of responsibility and authority, thus necessitating some degree of thought on the part of the producing individual. The demand for workers willing to exercise independent judgment and creativity, even at the lowest corporate levels, has become critical in the business environment of the twenty-first century. The older view of workers as robotic peons is unrealistic and impractical, especially in a world where mindless tasks can be executed cheaply by machines.