...Our E-Commerce Initiative Eminentleather.com is the online retail store which will be initiated with its existing physical retail store. Eminent Leather proudly presents itself as one of the leading innovative and creative manufacturers of premium quality leather products. Through reflecting the latest trend and fashion, we have built our distinctive image among all the fashion conscious men and women of today. The most competitive price and optimum perfection of our products make us superior to the others operating in this sphere. Apart from our own creativity, we also design as per your specification. Eminent Leather is a leading specialty retailer of quality accessories and outerwear. Currently operating under two formats, we offer fashion and value for both men and women. Categories include handbags, briefcases and travel items. Our e-commerce site offers an extension of our store experience and is intended to increase brand awareness. Unique Features of the Business: Bricks-and-clicks is a business model by which Eminent Leather will integrate both offline (bricks) and online (clicks) presences. In our e-commerce initiative we have some unique features like- ubiquity, global reach, richness, interactivity, information density, personalization, and customization. Those unique features will bring a distinguish business opportunity to attract more consumers and ultimately sell the product to them. The features and how they will increase the business revenue are described...
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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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...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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...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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...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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...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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...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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...Final report on EC A Report On “Status of e-Marketing in Bangladesh” Course Name: E-commerce Course code: 425 Submitted To: Md. Moktar Ali Associate Professor Department of Marketing University of Dhaka Submitted By: Shaikh Md. Rasel Roll-82, 16th Batch, Sec-B Department of Marketing University of Dhaka Date of Submission: November --, 2013. Letter of Transmission Md. Moktar Ali Associate Professor Department of Marketing University of Dhaka Subject: Submission of a report. Dear Sir, With due respect, I beg to state that I am very thankful to you as you have assigned me the report on “Status of e-Marketing in Bangladesh”. It is a great opportunity for me to acquire theoretical and practical knowledge about E-marketing, E-commerce and different terms of E-business. I have tried our best to gather what I believe to be the most complete information available. Your kind acceptance and any type of appreciation would surely inspire me. I would always be available and ready to explain further any of the contexts whenever asked. Sincerely yours, Shaikh Md. Rasel Roll-82, Sec-B, Batch-16th Acknowledgements Comprehensive works like report making or assignment preparation owe credit to multitude of people. Certainly, I should acknowledge the contributions of the pioneers in the field of E-commerce and E-marketing itself, especially those whose teachings have become a part of our thinking and become...
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...Draft Final Report E-Commerce in Bangladesh: Status, Potential and Constraints Najmul Hossain December 2000 A report prepared for JOBS/IRIS Program of USAID. The author gratefully acknowledges comments received from Thierry Van Bastelaer, Catherine Mann, Dewan Alamgir, Asif Khan, Abu Saeed Khan, Tahmina Begum, Shabnam Nadiya and Tonmoy Bashar. The views and analyses in the paper do not necessarily reflect the official position of the IRIS Center, the University of Maryland or that of USAID. E-Commerce in Bangladesh: Status, Potential and Constraints ACRONYMS ASM B2B B2C B2G BB BGMEA BTRC BTTB CS DDN DFID DI DSL e-commerce EDF EFT e-mail e-market FDI GOB GSP IDA IOC IPO IPR IRIS ISO ISP IT ITU JOBS L/C LCA LMDS MMDS MOPT NIP OECD OSP Asian Sources Media Group Business-to-Business Business-to-Consumers Business-to-Government Bangladesh Bank Bangladesh Garment Manufacturers and Exporters Association Bangladesh Telecommunications Regulatory Commission Bangladesh Telegraph and Telephone Board Contract System Digital Data Network Department For International Development Data International Digital Subscribers Line Electronic Commerce Export Development Fund Electronic Fund Transfer Electronic mail Electronic Market Foreign Direct Investment Government of Bangladesh Generalized System of Preferences International Development Association International Oil Companies Import Policy Order Intellectual Property Rights Center for Institutional Reform and the Informal Sector at...
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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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...Efficiencies of Cyber law in Bangladesh জুন 26, 2011 0 inShare Technology is getting more frequently used and seems like a blessing going cover Bangladesh. But sometimes we can see some bad- naughty peoples use the same technology to make crime in the cyber area. As well as day by day Cyber crimes are increasing in the world as well as our country. Therefore in Bangladesh a bundle of laws has been enacted to protect the people. Cyber law in Bangladesh In the Information Communication Technology Act of Bangladesh does not define what the Cyber law by any section is. But Cyber laws are contained in the Information and Communication Technology Act, 2006. Therefore this Act provide the legal infrastructure for e-commerce others legal solution relating with cyber crime in Bangladesh. The said Act enable (a) Legal recognition of electronic transaction, (b) Legal recognition of digital signature, (c) Acceptance to con- tract expressed by electronic means, (d) e-commerce and electronic form, (f) publication of official gazette in the electronic form, (g) prevention of computer crime, forged electronic records, international alteration of electronic records fraud, forgery or falsification in e-commerce and electronic transaction, (h) and others solutions of the crime relation with information Communication Technology. Objectives of the ICT Act, 2006 The objectives of the ICT Act, 2006 has been provided following purposes such as To smooth the progress of electronic filing of documents...
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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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...Strength & Weakness of E-Commerce in Bangladesh Globalization has brought in many changes in the business scenario with the whole world inching towards a big market place. Communication 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...
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...DIGITAL BANGLADESH - Paragraph DIGITAL BANGLADESH Bangladesh is resounding with the target of achieving digital Bangladesh. Broadly speaking, a digital society ensures an ICT driven knowledge-based where information will be readily available on line and where all possible tasks of the government, semi-government and also private spheres will be processed using the modern technology. So, a digital Bangladesh must guarantee efficient and effective use of modern ICT in all spheres of the society with a view to establishing good governance. In other word, making Bangladesh a digital one, we have to establish technology driven e-governance, e-commerce, e-production, e-agriculture, e-health etc, in the society emphasizing the overall development of the common people. Building strong ICT infrastructure is the pre-requisite for making Bangladesh a digital one. For this, we need to focus on the following relevant issues assessing the harsh reality that hinders our development in this context. Latest statistics reveal that Bangladesh faces a power deficit of up to 200 MW against a demand of 5000 MW daily. It may be noted that for proper ICT development an uninterrupted power supply is a must. For the ICT development Internet users of the country must be increased. In this case our position is the worst one among the South Asian countries. From different sources, it has been learnt that, English literacy rate in Bangladesh is less than one percent. Whereas, English literacy rates...
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...E-commerce In its simplest form ecommerce is the buying and selling of products and services by businesses and consumers over the Internet. People use the term "ecommerce" to describe encrypted payments on the Internet. Sometimes these transactions include the real-time transfer of funds from buyer to seller and sometimes this is handled manually through an eft-pos terminal once a secure order is received by the merchant. Internet sales are increasing rapidly as consumers take advantage of lower prices offer by wholesalers retailing their products. This trend is set to strengthen as web sites address consumer security and privacy concerns. There is several ways of looking at e-commerce • Communication perspective • From a business perspective • Interface perspective • From online perspective • Structural perspective • Market perspective Beginning & Future of eCommerce eCommerce basically began (although debated) in 1994 when Jeff Bezos started Amazon.com out of his own garage. Well known eCommerce stores include sites like eBay, Dell, Walmart and many more. Since 1994, businesses of all shapes and sizes have began launching or expanding their Online presence. At any given time, there are approximately 8 million consumers worldwide that actively shop and buy through Web based stores or retailers (nearly one tenth of our world population). Online studies have claimed that online retail revenues will surpass the quarter-trillion-dollar mark by...
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