Teamwork and Organizational Performance of Pharmaceutical Firms in Anambra State, Nigeria

Abstract

This study examined teamwork and organizational performance of pharmaceutical firms in Anambra State, Nigeria. The study investigated the relationship between teamwork communication and financial performance; team trust and product performance of pharmaceutical firms in Anambra State, Nigeria. Two research questions and two hypotheses were formulated in line with the objectives. Relevant literature were reviewed. The study was anchored on Collaboration Relation Model. The study adopted the Survey research design. The population of this study comprises 1180 pharmaceutical firms in Anambra State, Nigeria. The statistical formula by Borg and Gall 1973 was employed to determine the sample size of 300. The instruments were subjected to face and content validity. The reliability of the questionnaire was established through the test-retest and Cronbachi’s Alpha. Simple percentage analysis was used in analyzing research question. OLS was used in analyzing the data collected include simple percentages and correlation analysis. Simple percentages analysis was use to analyze the research questions while Hypotheses for the study were tested using Pearson Product-Moment Correlation analyses. The findings of the study revealed that there is a significant positive relationship between communication and financial performance of pharmaceutical firms in Anambra State, Nigeria (r= 0.903, p=0.000, p<0.5). There is a significant positive relationship between team trust and product performance of Pharmaceutical firms (r=0.763, p= 0.000 which p<0.001) .The study concluded that teamwork had a significant positive relationship with performance of pharmaceutical firms in Anambra State, Nigeria. The study recommended that management of pharmaceutical firms should emphasize a more effective communication focused-structure that promotes teamwork, enhance commitment and innovativeness, thereby facilitating employee performance. Organizations and their managements‘ should also make sure that there is team trust among employee through promotion and reward system that will not only reward individual efforts, but also team efforts.