Status, Potential and Constraints in e-business application in Bangladesh
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Status, Potential and Constraints in e-business application in Bangladesh
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Status, Potential and Constraints in e-business application in Bangladesh
- 3. The Internet has opened up a new horizon for 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. Electronic commerce (EC or e-commerce) describes the process of buying selling, transferring, or exchanging products, services, or information via computer network, including the Internet. E-business refers to a broader definition of EC, not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, conducting e-learning, and conducting electronic transactions within an organization.
- 4. Infrastructure Status and Issues Financing Status and Issues Status and Issues of Commerce Governance Status and Issues Present Status of E-business in Bangladesh Statusof E-businessin Bangladesh
- 7. Current Situation & Potential of E-Commercein Bangladesh Dimension of E-Commerce
- 8. E-commerce in the RMG Sector E-commerce in the Oil and Gas Sector Telecommunications: An Integral Part of E-Commerce BankingMechanism Current Situation of E-business in Various Sector
- 9. Future of E-Commerce Industry
- 10. Potential of E-businessin Bangladesh Redefining broadband Proposal of new marketing technique Improvement initiatives Large population International grade Education International demand Lower price of services
- 11. Constraints of E-Commerce in Bangladesh • Lack of initiatives in taking e-commerce. • Very slow & expensive Internet services. • Lack of appropriate trainers to teach the E-commerce Knowledge. • Lack of Government’s rules and regulation. result • Bangladeshi’s Policy for e-commerce is not adequate for good • Lack of investment in hardware and software. • Online banking connectivity is poor • Absence of sufficient cyber law • Bureaucratic complexities
- 12. Overcomeof E-business implementation in Bangladesh HumanResourceDevelopment IT training Establish IT University Harmonize standards for training institutes Larger access to computers/internet through cyber cafes FinancialSystem IT training Establish IT University Computerization Electronic L/C Foreign exchange credit cards Venture funds International gateway Foreign exchange Telecommunications International broadband under Ministry of Post & Telecommunication Privatize Telecommunication and Telegraph Independent Regulatory Authority for telecommunication Open telecommunication market to new investment
- 14. Conclusion Creating awareness among the Bangladeshi exporters regarding e-commerce is essential. They have to be knowledgeable to appreciate and to utilize the benefits of IT. Synergy between telecommunications and information technology has the proven capability of monitoring and administering the real-time transactions. Therefore, liberalizing the telecom and IT sectors as well as reforming the country’s financial and commercial procedures is the preconditions of successfully implementing e- commerce in Bangladesh.