Why The Term “Growth Hacking” Is An Oxymoron
Entrepreneur magazine|February 2022
Using old school thinking to define, measure, and accomplish growth as you establish your startup. I honestly believed I misheard the word “growth hacking” when I first heard it. Growth has always been a process in my experience. Growth is intended to be the result of consistent efforts that overcome hurdles, whether in a startup or an existing business. This method aids in the shaping of the concept, project, or firm. So, why is it necessary to hack it?
Abijit Aji
Why The Term “Growth Hacking” Is An Oxymoron

According to Wikipedia, growth hacking is a relatively new field in marketing that focuses on tactics for acquiring as many users or customers as possible for the least amount of money. As a result, “growth” in today’s jargon appears to mean attracting as many consumers as possible to a startup’s product or service. It’s now important to know what “hack” means. “To cut or sever with repeated uneven or unskillful strikes,” according to the Webster dictionary. It is derived from the old English root word action, which means to sever or cut. We know that the word was first used in the realm of computer programming in the industry (and pop culture). To achieve a purpose, a hacker identified weaknesses in a system and “bypassed” a process. The goal could have been ethical or unethical, but it required knocking down barriers and bypassing a process. This leads us to the conclusion that the term “hack” in the context of growth refers to a method of avoiding a natural growth curve and acquiring as many consumers as possible. In recent years, we’ve seen a few such firms that have primarily concentrated on this type of expansion. These businesses nearly always raise more money than they need, and every consumer they keep on board is unprofitable. The operational rigor required to support an expanding customer base is lacking, resulting in organizational difficulties. As an analogy, these businesses remind us of a well-known fried chicken company’s hormone-fed genetically engineered chickens. The birds became excessively large to the point that they were unable to stand on their own. Is it possible that we’re doing something similar in terms of modifying startups?

This story is from the February 2022 edition of Entrepreneur magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the February 2022 edition of Entrepreneur magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM ENTREPRENEUR MAGAZINEView All
How To Ask Family For Money
Entrepreneur magazine

How To Ask Family For Money

Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.

time-read
3 mins  |
November 2024
Data Breach Drama: When Trust Turns Costly In A Digital Age
Entrepreneur magazine

Data Breach Drama: When Trust Turns Costly In A Digital Age

Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?

time-read
4 mins  |
November 2024
THE TERRAIN TAMER
Entrepreneur magazine

THE TERRAIN TAMER

Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.

time-read
2 mins  |
November 2024
THE INTELLIGENT READS
Entrepreneur magazine

THE INTELLIGENT READS

Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.

time-read
1 min  |
November 2024
THE CURSE OF GROWING TOO FAST
Entrepreneur magazine

THE CURSE OF GROWING TOO FAST

FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.

time-read
10+ mins  |
November 2024
There's No Perfect Answer
Entrepreneur magazine

There's No Perfect Answer

I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"

time-read
1 min  |
November 2024
Give Yourself the Gift of Time
Entrepreneur magazine

Give Yourself the Gift of Time

Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.

time-read
2 mins  |
November 2024
How to Become a Main Street Millionaire
Entrepreneur magazine

How to Become a Main Street Millionaire

It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.

time-read
5 mins  |
November 2024
Want to Better Serve Your Clients? Become Them.
Entrepreneur magazine

Want to Better Serve Your Clients? Become Them.

As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.

time-read
3 mins  |
November 2024
How to Succeed With Gen Z Workers
Entrepreneur magazine

How to Succeed With Gen Z Workers

People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.

time-read
2 mins  |
November 2024