In a business, growth can come in different forms. You can grow your customer base, increase your production capability or you can expand into other revenue streams. Ultimately, a business aims to be profitable and growth is one of the ways to increase profits. As an individual, you will also need to grow not just in the physical sense. You can read books to increase your knowledge or invest in better equipment so that you can perform better in certain tasks. You could also explore uncharted territories to experience something new.
Like how companies strive to increase their stock value, you should also do what is required to improve your own personal value. Growing isn't just for kids, it's for everyone that wants a better life.