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.
