Competence Based Trust and Organizational Performance of Quoted Pharmaceutical Firms in Nigeria
Vol.5 Issue 2
This study sought to examine the relationship between competence-based trust and organizational performance of quoted pharmaceutical firms in Nigeria. This study adopted a survey study approach with the use of correlation research design, with a population of ten (10) quoted pharmaceutical firms in Nigeria. The entire population was adopted because our sample size was a census study, but for the avoidance of bias and to ensure proper coverage of the firms under investigation, five (5) managers were chosen from each of the quoted pharmaceutical firm as respondents making fifty (50) managers stated. A well-structured, self-administered survey questionnaire was adopted; validity and reliability test were conducted before primary data collection. Data were analyzed using descriptive and inferential statistics. The Spearman Rank Correlation Coefficient and partial correlation were employed to establish the degree of relationship between the variables with the aid of statistical package for social sciences (SPSS) version 25.0. The study concluded that competence-based trust has positive and significant relationship with organizational performance of quoted pharmaceutical firms in Nigeria. We therefore recommended that the firms should employ competence-based trust with their suppliers in order to enhance organizational performance.
