In a capitalist corporation, executives are selected because they're already members of the executive class, not because they have proven management skills. (In fact, failing to have management skills is no handicap to a management career.)

But at - say - Waitrose - staff regularly participate in store management. There are open discussions about issues, and sometimes about strategy. If senior staff are out of line, there's instant feedback.

Apart from that then yes, there's no difference at all.