In this video, you will learn about organic growth and its strategies.
#organicgrowth #revenue #wallstreetmojo #growthstrategy #growthhacking
Chapters:
00:00 - Introduction
00:39 - What is organic growth?
01:50 - Example
02:37 - Strategies
03:18 - Importance
03:53 - Advantages
04:23 - Disadvantages
05:09 - Conclusion
What is organic growth?
Organic growth is when a company makes progress by increasing the sales revenue or the volume of products sold through operational efficiency that leads to a reduction in the cost of production or any internal improvements like increased marketing or sales activities.
Organic growth can also result from improved market conditions, such as economic cycles that drive demand for goods or services.
(Explained in detail in the video)
Example
Coca-cola was founded in 1886 and made its first acquisition in 1960. Until then, it grew organically.
Strategies
There are three main ways to increase growth organically: increasing sales revenue. Secondly, by reducing cost, and finally, by improving operational efficiency.
(Explained in detail in the video)
Importance
Organic growth isn't significant just because revenues grow but because the company's overall brand develops, leading to inorganic growth.
Advantages
Organic growth also allows companies to focus on efficiency and streamlining everything so that the company is on a sustainable path that may not be possible through inorganic growth.
Disadvantages
Organic growth is a slow process; companies might take years to become relevant in their market.
Also, organic growth is difficult to achieve, and that's why many companies fail before they succeed in profitability to stay afloat.
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