Brief Definition
Organic growth refers to the increase in a company’s revenue, market share, or other key metrics that comes from its existing operations, rather than through mergers, acquisitions, or other external factors. This type of growth is achieved through internal strategies such as enhancing sales, expanding product lines, improving customer service, or entering new markets.
Further Explanation
Organic growth refers to the increase in a company’s revenue, market share, or other key metrics that comes from its existing operations, rather than through mergers, acquisitions, or other external factors. This type of growth is achieved through internal strategies such as enhancing sales, expanding product lines, improving customer service, or entering new markets.
Example:
If a company increases its revenue by 10% in a year solely by boosting sales of its existing products and attracting new customers without acquiring another company, this 10% increase is considered organic growth.