organic-growth

Vocabulary Word

Definition

When you hear 'organic growth,' it refers to growth that a business achieves by its own efforts, not by buying other businesses or getting other short-term boosts.

Examples in Different Contexts

For a tech company, organic growth could mean more users due to improved features or better user support. A tech CEO might comment, 'Our commitment to continuous innovation and user satisfaction drives our organic growth.'

Practice Scenarios

Startup

Scenario:

We've made great strides in building our user base. User referrals and positive word of mouth have been key drivers.

Response:

Indeed! We've seen organic growth, fueled primarily by user referrals and the network effects associated with our brand.

Business

Scenario:

It's been a great year for our company. Our improved products and services have been quite popular with the customers.

Response:

Yes, it's been an excellent period of organic growth brought on by our superior product quality and customer service.