Determinants of Organizational Performance in Trade Associations: Evidence from Professional Bodies in Nigeria

This study examines the determinants of organizational performance in trade associations with specific reference to professional bodies in Nigeria. Based on a purposive sampling framework, 10 professional bodies in Nigeria were selected as sample for the study. The procedure was adopted because of paucity of data that cover the area of interest. Seventy-five questionnaires were administered on the sampled professional bodies, and data collected were analysed using multiple regression with the aid of Statistical Packages for Social Sciences (SPSS) version 25. Findings indicate that stakeholders' relation, public perception and effectiveness of strategic planning play vital roles in shaping the performance of an organization. Specifically, the results show that all these variables are significant and positively impact professional bodies performance. This result has important implication for professional bodies, in that professional bodies stand to benefit from a good relation with its stakeholders. It is therefore recommended amongst others that professional bodies should ensure professional competence by ensuring increase in sense of belonging and satisfaction that accompanies stakeholders' good relation to their professional bodies.