Real engines of growth have nothing to do with growth hacking
techcrunch.com
techcrunch.com
Ultimately, it's just buzzword-speak for knowing your market, advertising your product to them, and analysing the results. All the same features as traditional marketing, and the things this article highlights as important.
The only problem, the only reason this article is necessary, is the same as with all good ideas in the information age, it's been overexposed, co-opted and cargo-culted to death by charlatans, fools and wannabes.
http://businessofsoftware.org/2013/02/kathy-sierra-building-...
The gist of it: Help your users do awesome things, then get out of the way when they share their awesomeness with others. It seems obvious, but I'm sure we all can think of five companies off the top of our heads that completely miss this.
We can also think of companies that embrace this. Tesla immediately comes to mind; customers as well as college students make Tesla commercials because they love the product.
Even though growth hacking has become a silly term, all the points Andy Johns makes about reducing friction is exactly the philosophy that drives faster growth. The point of marketing or growth hacking or advertising or whatever you want to call the space is growing faster and acquiring more users with the product you have.
We can still stop using the term growth hacking though.