status, potential and constraints in e-business application in bangladesh
TRANSCRIPT
Welcome To Our
Presentation
Status, potential and constraints of E-
business aplication in Bangladesh
Sohani Hossain 11.01.02.099
Nusrat Shramin 11.01.02.109
Halima Akter 11.01.02.115
Tanjilal Islam 11.01.02.120
Mahbuba Islam 11.01.02.137
• Globalization has brought many changes in the business
scenario with the whole world including big market place.
• E-business through Internet, e-mails, websites, and other
facilities, enables a businessman to be linked with every
corner of the world, and thus opens up greater
opportunities in the world market.
• Another important factor is the time required for
completing a business transaction.
• The Information Technology(IT) revolution has been too
phenomenal to predict its future growth and its use in an
economy like Bangladesh.
• E-business refers to buying and selling of products or services
over electronic systems through internet and other computer
networks.
• In other words, e-business involves digitally enabled
commercial transactions between and among organizations
and individuals.
• The most popular medium in which e-business is conducted
the internet. It combines a range of process such as:
Electronic Data Interchange (EDI)
Electronic mail (E-mail)
World Wide Web (WWW)
Internet Applications
Networks Applications
Enterprise content management
Instant messaging
Newsgroups
Online shopping and order tracking
Domestic and international payment system
Shopping cart software
Teleconferencing
Electronics tickets
• With the increasing diffusion of ICTs, more specifically the
internet, the global business community is rapidly moving
towards Business-to Business (B2B) e-business. The
buyers/ importers gain a clear advantage when the internet
gives them access to the global market.
• Bangladesh is pursuing an economic policy of export-led
growth. With the rising forces of globalization, it is becoming
increasingly important that the private sector, particularly the
export sectors are well prepared to meet the requirements
and expectations of the importers and also stand out in the
competition against exporters in other countries.
• Despite of being a under developed country, selected
segments of the Bangladeshi business community has
embraced technology with reasonable success.
• Personal computers and the internet are also emerging as day-
to-day business tools. These positive indicators are favoring
the prospects of e-commerce in Bangladesh.
RMG Sector
Banking on the Web (Online banking)
• Ministry of Commerce, Ministry of Information and
Communication and planning Commission jointly
implementing the e-business in Bangladesh.
• Ministry of Information and Communication is working for
enacting a law regarding "Electronic Transaction act“
• Online order from foreign buyer has started.
• www.regitrarofcompaniesbangladesh.com here registration of
joint stock company started as online.
• Online non-financial transaction has started by bank from 31-
07-2002
• Intra-bank transaction started from 31-07-2003
.
Business
Partner
Enterprise
GovernmentConsumers
B2B
The three dimensions of e-commerce are Business-to-Consumers
(B2C), Business-to Business (B2B) and Business-to-Government
(B2G).
• B2C e-commerce is unlikely to be of much use in the near future
in Bangladesh because of low per capita income, a weak
infrastructural and legal environment, lack of trust between
business and consumers.
• The Business to Business (B2B) scenario prevails in Bangladesh to a
very limited extent. The B2B scenario exists mostly in the export sector,
especially in the Ready Made Garments (RMG) industry.
• The government is a major buyer of goods and services from the private
sector. Typically, the government procures goods and services by inviting
tenders.B2G inherently brings transparency in such cases and ensures a
level playing field for all the bidders.
• Very minimum number of users of web sites.
• Poor telecommunication infrastructure with limited fixed-line access, unreliable connectivity and low bandwidth (9k)
• High price of computer and hardware.
• Lack of technically efficient personnel
• Lack of investment in hardware and software
• Small number of Credit Card users
• Absence of cyber law.
• People's mindset and very slow and expensive Internet services.
• Enterprise manager's lack of initiative and leadership in taking advantage of e-business.
• Lack of education, Fragile Economy, Power Shortage.