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E-Commerce
E means Internet and commerce means business. Electronic commerce is the process of doing business electronically or over the Internet.
Marketing, buying, selling and supporting goods and services by using Web based technologies, such as the Internet and other computer networks.
Dimensions of E-Commerce
3
2 1
B2G (Business to Government)
UNCTAD and WTO have put much emphasis on the importance of E Commerce for developing countries
Buyers and importers gain a clear advantage when the Internet gives them access to the global market
. Provides consumers with more choices Expands the Marketplace to national and international market Decrease the cost of production and distribution Allows consumers to interact and exchange ideas Enables consumers to shop or other transaction 24 hours a day
20%
15% 10% 5% 0% Bangladesh Pakistan India
1971 0% 1% 2%
1980 0.05% 2% 5%
Online Shopping
Ready made garments Airline ticket booking Online Banking Education
1990 1992 1994 1996 1998 2001 2003 2005 2007 2009 profit on commerce 5 5.3 5.7 6.5 7 profit on ecommerce 10 13 19 22 28
SWOT analysis
Strengths Faster buying/selling procedure There is no theoretical geographic limitations No need of physical company set-ups Opportunities Weaknesses Lack of security and privacy Very minimum number of users of web sites. Small number of Credit Card users Threats Lack of awareness at government level Peoples mindset are services Internet is very slow and expensive
S W O T
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.
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