The Impact of Teamwork on Organizational Performance: A Case Study of First City Monument Bank Lagos, Nigeria

Abstract

The study investigated the impact of teamwork on organization performance using First City Monument Bank as a case study. This study has been examined by previous scholars and further investigation is still ongoing in this area. However, this study gathered information using primary survey where questionnaire was distributed to the employees of the First City Monument Bank and used descriptive statistic, factor analysis, correlation test and regression analysis. The findings showed that teamwork cohesion is positive and significant to impact on organizational performance and 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.

Keywords: Teamwork, Incentives, Operating Performance, and Organization Performance

DOI: 10.7176/RJFA/11-14-05

Publication date:July 31^st 2020