Organizations and its leaders aspire to remain on a growth path continuously. Choosing an appropriate option for the growth of an organization plays a crucial role for the success of an organization. Many organizations fail to chart a growth path or execute it meticulously to achieve the intended outcome. With severe competitive forces caused by the entry of new technologies, competitors, product innovation, economic recession, there is a need for the organizations to be alert and capture relevant opportunities, well in time. An understanding of several options available to an organization to remain on its growth path can only make it possible for its leadership to choose the right one, by use of proper judgment.