Many organizations invest heavily in developing strategies but still fail to achieve meaningful results. One major reason is that they fall into classic strategy traps that weaken the entire process and make it difficult to get desired results. From outsourcing strategy development without internal engagement to organizing siloed strategy retreats, these mistakes create disconnection, poor ownership, and weak implementation. Over time, this leads to wasted resources, frustration, and growing cynicism about strategy across the organization.

Our experience shows that avoiding these costly errors requires a more inclusive and evidence-based approach. Organizations must engage employees, managers, and leaders in the strategy process through co-creation, apply design thinking during retreats, build strategy budgets distinct from operational costs, and establish strong monitoring systems like strategy maps and digital tracking tools. These steps improve ownership, focus, and follow-through, ultimately making strategy implementation more impactful.

If you want to learn how to avoid these common strategy mistakes and build a plan that works, CLICK HERE to listen to this week’s Efiko podcast episode, “These Mistakes Will Ruin Your Strategy.” Please feel free to share with your team, colleagues, and friends.