Growth and Risk In the volume-driven industry of construction that thrives on growth there are failures even among the older and well established firms. The words "growth" and "growing" recur in the study of the management of risk in the construction business because the business risks in construction are simply greater during growth phases. A construction company must be managed well to be successful, and in the best of times there is risk. A rapidly expanding construction company magnifies its risks even if it is closely and intensely managed. There is nothing wrong with building a bigger business. That is the American dream. But the increase in risk in the construction industry from growth alone cannot be understated and should not be overlooked.