Many past and recent publications, have confirmed that success can be measurable solely through certain metrics related to performance and with the conjunction of satisfaction parameters, decided by the stakeholders, to meet the demand or value proposition, for which a given company, organization, government, exercises its function. Even at a project level, success metrics and stakeholder satisfaction (those who will benefit from the success of a given project) are key parameters to determine the efficiency of the project itself.
Efficiency cannot be measured solely based on achievements obtained through the manifested success of the project execution or by the implementation of a given technology, without considering the effects on the overall system and at large scale.
Perspectives change when the same success is considered outside the company border, away from recurrent and standard methodological routines, organizational, local, national, and business views. In this perspective, success cannot be differentiated from efficiency and it is essential in a wider form, not being simply consigned to the benefits of the single agent, or stakeholders who benefit from the success of the effort.
Technological efficiency, which means value for the collective, and direct success is often confused with an entrepreneurial orientation seeking to create self-competitive advantages. The confusion generates unclear responsibilities towards the different dimensions of the success and its impacts on society.
Efficiency exerts at a global level becomes partial, incomplete, and incorrect when it does not involve tendency to engage holistic perspectives, becoming a threat to sustainability, thus both long-range and long-term consequences are unforeseen. A case study in the agricultural insurance sector of crop insurances is examined and proposed to empirically investigate the underwriting perspective of the insurance coverage types. In the current way of conceiving the business mechanisms, the fundamental variables such as sustainability and equitable distribution of natural resources hardly coexist with the same business logic, however not reflected in a collective context. These incomplete models are generating risks creating blockages in insurance and reinsurance mechanisms, leading to the crisis in these sectors, which should be expanding instead.
The paper gives also extra insights to extend the efficiency and success into a more exhaustive lifecycle approach.