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Prospect and Challenges of E-Commerce in Bangladesh

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Prospect and Challenges of E-Commerce in Bangladesh

  1. 1. INTRODUCTION TO E-COMMERCE  E-Commerce refers to the buying and selling of products or services over electronic systems through Internet and other computer network.
  2. 2. OBJECTIVE OF THE STUDY  The primary objective is:  To highlight the status, statutes, potential and constraints of e-commerce development in Bangladesh.  The secondary objectives are:  Analyze how government can take initiatives to develop ecommerce in Bangladesh.  Analyze how ecommerce can be use by every citizen of Bangladesh.
  3. 3. METHODOLOGY  Data Sources  Data Collection  Limitations
  4. 4. HISTORY OF E-COMMERCE Year Incident 1971 The seminal act of e-commerce 1979 Micheal Aldrin demonstrates the first online shopping system. 1981 Online shopping system was installed 1982 Started online ordering 1984 Online home shopping started & launches the electronic mall 1992 Opened a commercial sales website (WWW.books.com) selling books online with credit card launched a fully graphical, iconic, navigated bulletin board 1994 Released the Navigator browser -MOZILLA 1995 Launched Amazon.com first commercial free 24 hour internet only radio station. Dell & Cisco used internet for commercial transaction.
  5. 5. HISTORY OF E-COMMERCE (CON’T) Year Incident 1996 Established EC plaza B2B market place 1999 Established Alibaba group business.com sold for US $7.5 million to e- companies 2001 Decorative items was sold by ATG stores Alibaba.com achieved profit 2003 Amazo.com posts first yearly profit. 2004 DH gate.com China first online B2B transaction 2007 Bussiness.com acquired by R.H.Donnelley for $345 million 2010 Group on reportedly rejected a $6 billion offer from GOOGLE 2012 US e-commerce reached $226 billion 2014 India e-commerce industry estimated more than 30% from previous year.
  6. 6. THE ROLE OF E-COMMERCE  E-commerce made the whole world into a big market place.  E-commerce through Internet, e- mails, websites, and other facilities, enables a businessman to be linked with every corner of the world.
  7. 7. DIMENSIONS OF E-COMMERCE  Business-to-Consumers (B2C)  Business-to-Business (B2B)  Business-to-Government (B2G)  Consumer to consumer (C2C)
  8. 8. BUSINESS TO CONSUMER (B2C)  Where enterprises sell directly to the customer, often cutting out wholesalers or retail outlets. B2C is the most commonly understood form of internet business www.muktobazaar.com most successful trading has been with standard products such as CDs, Books, Software, downloadable music etc.
  9. 9. BUSINESS TO BUSINESS (B2B)  It is larger, growing faster. This includes procurements of raw materials and supplies, liaison with contractors, sales channels, servicing customers, collaborating with partners, integrated management with data and knowledge.
  10. 10. BUSINESS TO GOVERNMENT (B2G)  Here business trade directly with government offices and agencies for public procurement (e.g. supplies for hospitals, school and other government contracts.
  11. 11. CONSUMER TO CONSUMER (C2C)  Online transaction between private individuals. There are many sites offering free classifieds, auctions, and forums where individuals can buy and sell thanks to online payment systems like PayPal where people can send and receive money online with ease. EBay’s auction service is a great example of where person-to-person transactions take place every day since 1995.
  12. 12. CURRENT STATE OF E-COMMERCE IN BANGLADESH  Poor level of penetration  High cost to access and  A lengthy waiting period
  13. 13. OPERATING SECTORS OF E-COMMERCE IN BANGLADESH  Online banking  Hotel booking  Airline ticket booking  Readymade garment  Oil and Gas Sector
  14. 14. SCOPE OF E-COMMERCE IN BANGLADESH  Outsourcing  Human Resources Management  Offshore staffing  Website Design  Software Development Web Marketing Consulting Freelancing IT Jobs Search Engine Optimization
  15. 15. OPPORTUNITIES OF E-COMMERCE IN BANGLADESH  FOR BUSINESS :  A global medium for marketing communications.  Lower distribution costs  Lower marketing costs  FOR GOVERNMENTS  Support a new form of commerce that benefits all classes of society  Increase foreign export earning  Increase tax revenue.  FOR CONSUMERS :  Increased availability of information about products and services  Reduced costs from increased competition, which in turn results in improved quality, quantity and variety of goods and services, through an expanded market.
  16. 16. SECTORS OF E-COMMERCE IN BANGLADESH  Banking on the Web (Online Banking)  Online Shopping  Web Hosting  Online cards, gifts  Pay Bill  Education etc.
  17. 17. IMPORTANCE OF E- COMMERCE IN BANGLADESH  Barriers of time or distance  Lower direct cost of sale than traditional means  Ideal for niche products  Offers a lot of tangible advantages  Strategic benefit of making a business ‘ecommerce enabled’
  18. 18. PROBLEMS IN IMPLEMENTING E-COMMERCE IN BANGLADESH  Bangladesh Computer Council, the govt. body on IT, surveyed 4,500 IT organizations in 2012. This survey studied 15,000 persons in the industry.  Bangladesh has an intractable problem of poor governance.  FEW NUMBERS OF PEOPLE USE COMPUTER.  Internet connectivity with acceptable quality and reliability is generally quite expensive in Bangladesh.
  19. 19. FINDINGS  E-commerce also enables companies to manage their inventory better.  One positive effect of the emergence of e-commerce is that it may save energy.  The fixed and variable costs of having a physical store or office in many locations are much higher than the most expensive state-of-the-art ecommerce website.  E-commerce is its potential threat to the security of consumers' personal information.
  20. 20. E-COMMERCE WEBSITES IN BANGLADESH  Bikroy.com  CellBazaar.com  Rokomaril.com  Priyo.com  Akhoni.com
  21. 21. RECOMMENDATION  To make ecommerce successful in our country we need the help of all aspect of people as well as govt. and business industry to cope up or overcome the following limitations  Access to computer of household should be increased  The cost of using internet should be affordable to general people  User of software should be more simple for the easier use  Its use should be made as easy as TV and newspaper so that it require unsophisticated skill
  22. 22. CONCLUSION The application and use of E-commerce is limited in Bangladesh. This sector is not so much develop in our country. The reason behind are many but the main reason is that our country is not so developed and most people of our country are poor and uneducated. So it is natural that there are few customers who are interested in E-commerce. But this situation can possibly be changed if we develop our telecommunication infrastructure, government awareness and people mindset.
  23. 23. Question please…. .? Thanx for listening us

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