The consequence of the complexity of contemporary challenges has a significant impact on the management sphere. Growth and development are two critical stages in the lifecycle of any organization, enterprise, or corporation as a system. The purpose of this study is to conduct an overview of strategic management discourse to characterize the relationship between growth and development processes with the aim of alleviating complexity. In this regard, we conduct a bibliographic analysis in the Web of Science database using a systematic literature review along with a systems thinking approach as a method to synthesize the findings and finally propose a conceptual framework. According to the findings of this study, a lack of attention to the importance of the relationship between growth and development processes is identified. This implies a gap in this research area, emphasizing the importance of more focus on these processes regardless of their attributes. The implications of the findings in this article will provide a holistic perspective for strategic management practitioners, allowing a better understanding of the importance of growth and development convergence. Consequently, this study may provide a path for future research to explore the implications of growth and development process in other disciplines of management.