Explain the concept of fit.

Fit is an important concept in strategic management.It refers to the alignment of strategies at various levels in an organization.There are two related concepts: vertical and horizontal fit,or vertical and horizontal integration.Vertical fit refers to the alignment between an organization's mission,vision and/or values,and the various supportive strategies that cascade down an organization.Horizontal fit refers to the alignment between and among strategies at the same level; for instance,HRM strategies such as performance management and compensation are aligned or support each other.