Welcome To Our

Presentation

Status, potential and constraints of E-

business aplication in Bangladesh

Sohani Hossain 11.01.02.099

Nusrat Shramin 11.01.02.109

Halima Akter 11.01.02.115

Tanjilal Islam 11.01.02.120

Mahbuba Islam 11.01.02.137

• Globalization has brought 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.

• E-business refers to 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:

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

• With the increasing 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.

• Despite of being 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)

• Ministry of Commerce, 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

.

Business

Partner

Enterprise

GovernmentConsumers

B2B

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.

• 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.

• Very minimum number 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.