Definition of Organic growth:
Expansion of a firms operations from its own (internally generated) resources, without resorting to borrowing or acquisition of other firms.
An organic growth strategy seeks to maximize growth from within. There are many ways in which a company can increase sales internally in an organization. These strategies typically take the form of optimization, reallocation of resources, and new product offerings.
Organic growth is the growth a company achieves by increasing output and enhancing sales internally. This does not include profits or growth attributable to mergers and acquisitions but rather an increase in sales and expansion through the company's own resources. Organic growth stands in contrast to inorganic growth, which is growth related to activities outside a business's own operations.
How to use Organic growth in a sentence?
- Strategies for organic growth include optimization of processes, reallocation of resources, and new product offerings.
- Organic growth stands in contrast to inorganic growth, which is external growth, such as through mergers and acquisitions.
- The organic growth experienced by the young firm was a demonstration of their practices being excellent and not needing any changes.
- Measuring organic growth is done by comparing revenues year over year and comparable store sales.
- The extent of the companys organic growth was unprecedented in the local market and a rare occurrence in the national sector.
- Organic growth refers to the growth of a business through internal processes, relying on its own resources.
- Any business selling computer programs is going to experience organic growth because the field is expanding rapidly and demand is high.
Meaning of Organic growth & Organic growth Definition