A company usually needs to be growing YOY in order to reliably return a 20% profit. Unless it's a protected monopolist, or a comfortably ensconced player in a s

A company usually needs to be growing YOY in order to reliably return a 20% profit. Unless it's a protected monopolist, or a comfortably ensconced player in a stagnant market. (In which case it's ripe for competition.) It is entirely possible to overprioritize growth. Doing so can lead to overreach, spiraling costs, bloat, and loss of focus. But at least some growth is often required just to maintain a stable return. It also bears mentioning that ther are many possible factors driving growth, some of them endogenous and some of them exogenous, some of them cyclical and some of them secular. It's very hard to speak of the blanket term "growth" as being particularly meaningful, in and of itself. We need to be specific.