THE IMPACT OF TEAMWORK ON ORGANIZATIONAL PERFORMANCE IN FIRST CITY MONUMENT BANK (FCMB) LAGOS

Abstract

This study had investigated the connection between teamwork and performance of the organization using FCMB as a case study. It was explicitly focused to evaluate the connection between teamwork and organization performance of First City Monument Bank (FCMB) in Nigeria and determine the influence of teamwork on organizational performance of FCMB in Nigeria. Primary data was used to gather information from the participant of FCMB and was analyzed with frequency analysis, reliability test, factor analysis, regression test and correlation test. The findings revealed teamwork cohesion is positive and has significant impact on organizational performance which also implies that a unit increase in teamwork will lead to an increase in organizational performance with value of 0.240. Group potency variable is insignificant and meaning that no effect on organizational performance. Persistent communication exhibited a positive and significant impact on organizational performance while displayed a positive and significant impact on organizational performance. It was concluded that the performance of organization is a subset of operating performance while teamwork is a subset of unit performance and teamwork cohesion gives employees a sense of possession and promotes cooperation. The study also concluded that teamwork cohesion stimulates group potency and improve decision making among employees in FCMB.