...The problems, prospects and opportunities of E-Commerce in Bangladesh Introduction As a newly developing business approach, e-commerce initiatives in Bangladesh are facing many constraints. From legal issues to technological complexities, problems that are hindering to forward march of the e-commerce initiatives are large in numbers. To cope up with the pace of today’s business trends it is very much necessary to address those problems as soon as possible. Otherwise alongside with the new business opportunities that might have stemmed from the usage of the technology, the growth of traditional business activities will fall behind than that of the rest of the world. The problems Miss management: In this digital age technology based services means nonstop service delivery round the clock. But the service providers whose services are necessary to run an ecommerce outlet successfully fail to comply with the requirement of nonstop service delivery. This instability causes customers to think that online based services are not yet reliable. Sudden failure of internet service and inexistence of any backup connection in a shop means customers will not be able pay using their card. Again sudden POS terminal failure and the inexistence of replacing device will also create the same problem. Such mismanagement hinders the growing confidence on ecommerce. One of the prominent banks in Bangladesh was seriously accused of miss management after account holders lost money from their...
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...e-governance: e-Services from Citizens Perspective | Problem Statement Bangladesh is a small developing country with millions of people living under poverty. There is a scarcity of resources with high demand of services in the public sector. So, there is no alternative than to find more cost-effective ways to ensure these service deliveries. The digital (or e-) revolution holds the potential to increase the quality of citizen services and increase accountability, transparency and efficiency. Bangladesh in recent times, takes various initiatives to benefit from ICT. However, the effectiveness of this initiatives and its’ impact on present service delivery scenario and citizens experience – the end user of such initiatives are yet to explored in Bangladesh. In this we paper, we will try to evaluate the progress from these initiatives and explore these unexplored questions. Literature Review E-Governance E-governance is the most attractive, interesting and growing phenomenon and has become one of the central parts of administrative reform and good governance (Moon, 2002). According to the E-Government Act of 2002, it is the use by the government of Web-based Internet applications and other information technologies, combined with processes that implement these technologies, in order to enhance the access to and delivery of government information and services to the public, other agencies, and other government entities; or to bring about improvements in government to...
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...Ecommerce of Bangladesh Ecommerce Ecommerce refers to the buying and selling of products or services over electronic systems through Internet and other computer networks. The most popular medium in which e-Commerce is conducted is the internet. It combines a range of process such as: Electronic Data Interchange (EDI) Electronic mail (E-mail) World Wide Web (WWW) Internet Applications Network Applications It does not include transactions over telephone, fax or any payments made online for transactions whose terms were negotiated offline or by physical means. Some common applications related to electronic commerce are the following: Email Enterprise content management Instant messaging Newsgroups Online shopping and order tracking Online banking Online office suites Domestic and international payment systems Shopping cart software Teleconferencing Electronic tickets Why e-Commerce for Bangladesh With the increasing diffusion of ICTs, more specifically the Internet, the global business community is rapidly moving towards Business-to-Business (B2B) e-Commerce. The buyers/ importers gain a clear advantage when the Internet gives them access to the global market, by which they can compare prices across regions, find out whether prices vary by order fragmentation, get awareness about substitute/ alternative products. Consequently, the sellers/ exporters make sure that they are well portrayed in the cyber world through websites and portals...
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...E-commerce The usage of networks by an individual or a company in order to promote or sell the product or service the individual or the company is producing or trading is defined as Electronic Commerce or E-commerce. The concept of E-commerce is to perform business via networks and internet. E-commerce includes mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. World Wide Web and Electronic Mail (E-Mail) is used for the transactions in modern electronic commerce. Importance of E-commerce From the business point of view E-commerce can be cost effective. But it makes trading much more easy. It provides better connectivity for potential customers as the websites of the company can be accessed from anywhere in the world. This way more potential customers can get in touch with company's business. With the help of E-commerce customers can now browse through the whole catalog of a company without any hassle, they can also compare products and on top of that they can do it from their home or from work. E-commerce has opened up various windows and opportunities for the companies to reach to its potential customers easily. Eventually it will become a major marketing plan for all the companies in order to survive and compete in the ever changing market. E-commerce in Bangladesh Bangladesh is developing country...
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...Business Transaction 5 Dimensions of e-Commerce 5 Business-to-Consumer (B2C) 5 Business-2-Government (B2G) 6 Consumer-to-Consumer (C2C) 6 E-Commerce in different sectors in Bangladesh 6 Overview of Implementation of e-Commerce in Bangladesh 6 Some e-Commerce site in Bangladesh 7 Benefits of E-Commerce 7 Challenges of E-Commerce for Bangladesh 8 Constraints to E-Commerce of Bangladesh 8 Recommendations 9 Conclusion 10 Overview E-commerce is becoming popular in Bangladesh. With better access, coverage and an ever-growing internet population, the prospect for e-Commerce is bright. There are also challenges. A discussion on the pros and cons of e-commerce in Bangladesh is a timely debate. E-Commerce is more than just purchasing and offering things over the Internet like through Bikory and OLXbd. E-commerce is a wider term encompassing electronic trade of business; and information between computers of two or more organizations. The innovative objective of e-Commerce is to coordinate businesses and government agencies, with the capability to correspond with each other through any computer platform. Ecommerce refers to the buying and selling of products or services over electronic systems through Internet and other computer networks. The most popular medium in which e-commerce is conducted is the internet. It combines a range of process such as: * Electronic Data Interchange (EDI) * Electronic mail (E-mail) * World Wide Web (WWW) * Internet...
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...STAMFORD UNIVERSITY OF BANGLADESH * ASSIGNMENT 0N E-COMMERCE IN BANGLADESH * SUBMITED TO: MJF RUPOM * SUBMITED BY: MD SAHAJALAL (MAHADI) * ID NO:BBA 04814818 * BATCH: 48(A) In the emerging global economy, e-commerce and e-business have increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs. However, this is premised on strong political will and good governance, as well as on a responsible and supportive private sector within an effective policy framework. This primer seeks to provide policy guidelines toward this end. E-BUSINESS E-business is the use of the Internet and IT to execute all of the business processes for the firm. E-business includes e-commerce, all internal processes, and coordination with business partners such as customers and suppliers’-business refers to the use of digital technology and the internet to execute the major business processes in the enterprise. It includes the activities for the internal management of the firm and for coordination...
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...e-Commerce & m-Commerce BB has issued directives for the banks for starting e-Commerce activities. Permitted transactions are - Online payment of utility bills from client's accounts to recipient�s accounts, Transfer of money from one account of a client to another account in the same bank, Payment/collection of money from/to buyer�s bank account to seller�s bank account for buy/sale of products and Transaction via internet using credit card in local currency. From March 11, 2011 following transactions has been given permission. Not-over TK.5,00,000 can be transferred from one clients account to another clients account lying in the same bank using internet/online facilities subject to the fact that it will fully comply with prevailing Money Laundering Prevention legislations and related circulars. In order to start M-Commerce in Bangladesh, mobile network operators have been given permission to sell railway tickets and tickets of cricket matches organized by the Bangladesh Cricket Board (BCB) using mobile technology. Three Telcos have got permission for m-Commerce related transactions. Approximately 425,000 utility (water, gas and electricity) bill payments are made and 12,000 train tickets are sold per month. Besides, tickets of the cricket matches organized by Bangladesh Cricket Control Board are also sold via m-commerce. Mobile commerce (m-commerce) is basically an extension of e-commerce on the mobile phone which enables consumers to make payments for goods and services...
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...[pic] An Introduction to FBCCI and Its Contribution to Business in Bangladesh A Term Paper By |Group : ……….. | |Roll : 3-11-21-052 |: |Abul Kalam Azad | |Roll : 3-11-21-055 |: |Narayan Chandra Saha | |Roll : 3-11-21-061 |: |Manash Kumar Adhikary | |Roll : 3-11-21-066 |: |Mir Zahid Hasan | |Roll : 3-11-21- |: | | Submitted to Mrs. Rumana Parveen Course Instructor Course No. EM 501: Introduction to Business In Partial Fulfillment of the Requirement for the Degree of Master in Business Administration in Management Studies Dedicated To The Martyrs And Freedom Fighters Of Our Beloved Motherland ACKNOWLEDGEMENTS First of all, we thank specifically to our course instructor Mrs. Rumana Parveen for the guidance, assistance and direction she provided us...
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...ASSIGNMENT ON E-COMMERCE IN BANGLADESH Submitted To: Submitted by: Table of Contents Ecommerce .....................................................................................3 History of E-Commerce....................................................................3 Why e-Commerce for Bangladesh……………………………………………….4 Traditional and Electronics Business Transaction ............................5 Traditional Commerce vs e-Commerce............................................3 Dimensions of E-Commerce .............................................................6 Business to consumer(B2C) ..................................................7 Business to Business (B2B) ...................................................7 Business to Government(B2G) ..............................................7 Benefits of E-Commerce ...................................................................7 e-Commerce in Different Sector in Bangladesh ................................8 Overview of implementation stage of e-Commerce in Bangladesh 8 Some e-Commerce shop in Bangladesh ............................................9 The impact of e-Commerce ...............................................................9 Constraints to E-Commerce in Bangladesh......................................10 Challenges of E-commerce for Bangladesh......................................11 Recommendations………………………………………………………………………11 Conclusion........
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...initiated many of the major activities of Aarong by identifying and experimenting with various crafts that women could produce at home. At that time there were only a few buyers who were scattered across Dhaka. Weeks, even months, would pass before the women would get their payment. The idea of Aarong was born out of a need to ensure that the women silk rearers, embroiderers and block printers of Manikganj were paid for their goods upfront, so that they could feed their families. When BRAC decided to open its own retail outlet under the brand name Aarong, meaning ‘village fair’, it broadened its arms to include other artisans and master craftsmen throughout Bangladesh who were involved in the making of handicrafts for generations, and were finding it extremely difficult to survive in the newly formed country. Bangladesh has a long history of folk art and crafts but in general art and crafts were infrequently marketed as a meaningful enterprise for the poor. In the 1970s, BRAC was examining any and all possibilities for alternative forms of productive livelihood, especially for women, and the proper commercialization of art and crafts turned out to be a promising option. The first Aarong outlet opened its doors in December 1978 with jamdani and block printed silk sarees, nakshi kantha quilts, jute products, clay pottery, silver jewellery, leather goods and many other beautiful handmade products. The Social Enterprise Model To keep Aarong...
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...between buyers and sellers become critical as each can opt to explore a greater number of alternatives than before. E-commerce through the use of 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. As a signatory of WTO practices Bangladesh has accepted The Code of Good Practices of WTO agreement on Technical Barriers to Trade. E-commerce facilitates the very process of International transactions; this involves securing and finalizing a contract, delivery of a product and finally payment for the performance of the product. The movement of goods and services and payment mechanism within a country and outside of a country is governed by regulatory and legal issues. Though Bangladesh Govt. has a strategic vision and policy framework to boost up e-commerce, a lot of factors are also hindering the way of doing E-commerce. Definition of E-Commerce: E-Commerce refers to the process of buying or selling products or service over an electronic network. The most popular medium in which e-commerce is conducted is the internet. It combines a range of process such as: • Electronic Data Interchange (EDI). • Electronic mail (E-mail). • World Wide Web (WWW). • Internet Applications. • Network Applications. Basically e-commerce involves the sale or purchase of goods or services over computer mediated networks. These goods or services may be ordered...
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...Market. • To sketch the overall condition of the Bangladeshi export & import sectors in the global... [continues] Objectives of the Study : The objections of the report are : • To expose the Different years export & Import • To find out the different products offered to exports & imports. • Acquiring a practical knowledge and personal observation about overall export & import procedure & policy , functions, principles. • Find out the activities and implication of Export Promotion Bureau. • To know relevant rules, regulations of exporting & importing. • To analysis strength, weakness, opportunity & threat of export & import. Scope of the study : Export Policy 2009-12 Preface Trade and Commerce is one of the prime driving forces of socio-economic development. The objectives of the trade-led growth strategy of the Government...
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...horizon for trade and commerce, namely electronic commerce (e-commerce). E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. This paper highlights the status, statutes, potential and constraints to e-commerce development in Bangladesh. Both the statutory laws as well as the challenges in implementing them are discussed. Major legal, regulatory and institutional constraints to e-commerce are identified. The paper also lists specific policy changes aimed at bringing improvements to the legal and regulatory environment affecting e-commerce. Dimensions of E-Commerce 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. B2C for cross border trade is also limited by the factors suggested for the domestic front. In addition, non-availability of international credit cards, foreign currency remittance restrictions, delays and informal payments at customs clearance even for small value and quantity items will discourage B2C. The B2B application already exists in the export sector of Bangladesh, especially in the Ready Made Garments (RMG) industry. RMG has the lion’s share of the export earnings in Bangladesh. The RMG sector has...
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...Digital Bangladesh for Good governance Prepared for Bangladesh Development Forum 2010 Venue: Bangabandhu International Conference Centre Date: 15 -16 February, 2010 Presented by Md. Abdul Karim Principal Secretary Prime Minister s Office The Government of the People s Republic of Bangladesh Digital Bangladesh for Good governance 1. The Pledge for a Digital Bangladesh by 2021 Information and Communication Technologies (ICTs) were recognized by the world leaders as a key development enabler in World Summit on Information Society (WSIS) in Geneva in 2003 and in Tunis in 2005 (Tunis Commitment). In the Poverty Reduction Strategy of the country called National Strategy for Accelerated Poverty Reduction (NSAPR) 2009, ICTs were similarly identified and given due importance. The current government s Digital Bangladesh by 2021 vision proposes to mainstream ICTs as a pro-poor tool to eradicate poverty, establish good governance, ensure social equity through quality education, healthcare and law enforcement for all, and prepare the people for climate change. Remarkable to mention is the fact that over 50 Secretaries of the government, a similar number of eGovernance Focal Points who are senior policy makers one in each Ministry, all 64 Deputy Commissioners who are heads of district administration, and all 483 Upazila Nirbahi Officers who are heads of sub-district (upazila) administration have attended multi-day long orientation workshops on Digital Bangladesh. These intensive workshops...
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...Bangladesh Software and IT Service Industry Recent Trends & Dynamics Software and IT service industry in Bangladesh has crossed a long road over the last few decades. It has matured. The industry no more remains at the sideline. It joined the mainstream. Not only the industry is contributing significantly in the national income, but also it has been playing very crucial role in creating high quality employment for a sizable portion of young graduates of the country. The presence of high number of young entrepreneurs is one of the distinctive features of this industry. In last decade many tech savvy young graduates, some of them returning from abroad after finishing education, have started their IT ventures. Despite various local and global challenges, these young spirited entrepreneurs have done remarkably well in building sustainable business organizations through their hard work and passion. Surely, the enthusiasm and resilience of the young entrepreneurs are the main driving force of Bangladesh IT industry. Snapshot of the Industry: Size, Composition and Market According to BASIS survey, there are over 800 registered software and ITES (IT Enabled Service) companies in Bangladesh. There are another few hundred of unregistered small and home-based software and IT ventures doing business for both local and international markets. Chart 1 Bangladesh Software and ITES Industry 800 + Enterprise no. Software 44% 56% Tk. 1,800 crore + (US$ 250 million) Revenue...
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