Question

What is the difference between "Organic Growth" and "Inorganic Growth"? Ensure that you properly describe both terms and clearly illustrate the difference between them. (5-7 sentences)

Answer 1

Step-by-step explanation:

Organic (or internal) growth involves expansion from within a business, for example by expanding the product range, or number of business units and location. Organic growth builds on the business' own capabilities and resources. For most businesses, this is the only expansion method used.

Organic growth happens when the business grows by its own efforts and performance. On the other hand, inorganic growth happens when the business needs external support, such as merger, acquisition, and takeover, to grow.