E-commerce: Electronic Commerce and Implementation

Topics: Electronic commerce, Supply chain management terms, Credit card Pages: 8 (2212 words) Published: April 6, 2014
Introduction:
E-commerce means conducting business online. Selling goods, in the traditional sense, is possible to do electronically because of certain software programs that run the main functions of an e-commerce Web site, including product display, online ordering, and inventory management. The software resides on a commerce server and works in conjunction with online payment systems to process payments. Since these servers and data lines make up the backbone of the Internet, in a broad sense, e-commerce means doing business over interconnected networks. Here are a few examples of e-commerce:

accepting credit cards for commercial online sales
generating online advertising revenue
trading stock in an online brokerage account
driving information through a company via its intranet
driving manufacturing and distribution through a value chain with partners on an extranet selling to consumers on a pay-per-download basis, through a Web site Globalization of production and increasing competition spurs greater business use of innovative information systems. As globalization extends its reach over cities and regions, the positions of those places within the emerging global paradigms of regional economies is changing. Only those regions and cities that can mobilize assets for local advantage would succeed.

E-commerce is a burning issue of today because the global business is moving towards a virtual business world. Everything is done here virtually. The transaction is done within seconds not being present physically. People now want hassle-free shopping. They are indifferent to go to the market for purchasing the goods or taking the services. All they want one stop service. All these things can be done only with the help of e-commerce. So, the scope for the implementation of e-commerce is ever on the increase in Bangladesh.

The main objective of preparing this paper is to identify the feasibility of the implementation of e-commerce in Bangladesh and the challenges behind it. Description:
The feasibility analysis of the implementation of e-commerce in Bangladesh is a matter of detailed anatomy. If we want the actual scenario regarding the issue, at first, we will have to go for the analysis of both of the sides- arguments for and arguments against in detail. Here, we would like to make a comparative explanation of the feasibility to implement e-commerce in Bangladesh.

Arguments For:
There are several arguments for the feasibility of the implementation of e-commerce in Bangladesh. These are mentioned below:

Cost effective:
E-commerce is the process of buying and selling of goods or services over the internet. If any organization can once portrait the e-commerce based website then it has to spend the maintenance cost only. So, it can be feasible to implement e-commerce in Bangladesh.

Technical know-how:
Today some institutions are promoting e-commerce in Bangladesh. There are some private or public institutions providing the website development courses and some of these institutions are promoting the e-commerce based website with special importance. So, it can be possible to implement e-commerce in Bangladesh.

Infra-structure:
E-commerce needs a special infra-structure to be implemented or practiced. As we are moving towards the global market sharing it can be possible to implement e-commerce if we restructure or modify our existing organizational structure.

M-commerce aspects:
There is enough potentiality for our m-commerce sector to be developed. Especially, 3rd Generation network is coming within this November. So, if we can ensure the handsets with specification of GSM 2000+ Bandwidth then we can definitely think of the feasibility of e-commerce in Bangladesh as well.

Reducing digital divide gap:
The mass people are currently experiencing an acute digital divide gap. If we can ensure the digital Bangladesh through reducing this gap we can definitely plan for the implementation of...
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