In order to maintain a competitive advantage and survive on the market, companies should take care of their growth and development which can be achieved with a growth strategy. The aim of this master's thesis was to determine the most suitable growth strategy for the selected company. In order to fulfill this goal, in the theoretical part of the paper, various methods and tools that can be used to generate possible strategies for growth are explored and presented. The research was carried out through a case study on a selected company and interviews. The chosen company for the case study was the author's family business „KOS-M.V.M. d.o.o“. The company has been in the business for the past 30 years, and its' main activity is the production of plastic products. It is a small company with many years of experience, which is why it was selected for the research of this paper. The framework for the growth of small and medium enterprises was used to analyze its' current performance and growth potential. Then, using certain tools for generating growth strategies, several convenient strategies were identified, from which the 3 best strategies were singled out, and the best choice was determined by considering certain criteria and interviewing the company's employees.