Status, Potential and Constraints in e-business application in Bangladesh

Status, Potential and Constraints in e-business application in Bangladesh

• 1.
  Welcome To Our Presentation
• 2.
  Status, potential andconstraints of E- business aplication in Bangladesh
• 3.
  Sohani Hossain 11.01.02.099 NusratShramin 11.01.02.109 Halima Akter 11.01.02.115 Tanjilal Islam 11.01.02.120 Mahbuba Islam 11.01.02.137
• 4.
  • Globalization hasbrought 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.
• 5.
  • E-business refersto 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:
• 6.
  Electronic Data Interchange(EDI) Electronic mail (E-mail) World Wide Web (WWW) Internet Applications Networks Applications Email Enterprise content management Instant messaging Newsgroups Online shopping and order tracking Domestic and international payment system Shopping cart software Teleconferencing Electronics tickets
• 7.
  • With theincreasing 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.
• 8.
  • Despite ofbeing 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)
• 9.
  • Ministry ofCommerce, 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
• 10.
  . Business Partner Enterprise GovernmentConsumers B2B
• 11.
  The three dimensionsof 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.
• 12.
  • Very minimumnumber 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.