Marris defines firms growth rate (Gr) as

Gr = Gd = Gc
where Gd = growth rate of demand for firms product
Gc = growth rate of capital supply to the firm
Proof
Marris defines managerial utility (Um) and owners utility (Uo)
functions as follows.
Managers utility function: Um = f(salary, power, status, job security)
Owners utility function: Uo = f(profit, capital, output, market
share, public reputation)
Marris defines steady growth growth rate of the firm for managers
and owners in terms of two different variables for managers in
terms of Gd, i.e., growth in demand for firms product, and for owners
in terms of Gc, i.e., the growth of firms capital. Thus
Um = f(Gd)
and Um = f(Gc)
According to Marris, managers try to maximize utility functions in
such a way that Gd = Gc. This is what Marris calls the balanced
growth rate. The managers objective is to maximize balanced
growth rate (Gr) such that Gd = Gc. Thus, the firm is in equilibrium
where
Gr = Gd = Gc