E Commerce Failure in Bangladesh

Powerful Essays
What are the basic reasons behind the failure of e-commerce in Bangladesh?

E-commerce or electronic commerce, is the process of buying and selling goods over the Internet. Other than buying and selling, many people use Internet as a source of information to compare prices or look at the latest products on offer before making a purchase online or at a traditional store. E- business is sometimes used as another term for the same process. More often, though, it is used to define a broader process of how the Internet is changing the way companies do business, of the way they relate to their customers and suppliers, and of the way they think about such functions as marketing and logistics.

E-commerce business model
A business model, that aims to use and leverage the unique qualities of the Internet and the World Wide Web. E-Commerce business models integrate the internet, digital communications and IT applications that enable the process of buying and selling. E-commerce business models are
1. B2C (Business to Consumer)
2. B2B (Business to Business)
Business to Consumer: 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. B2C for cross border trade is also limited by the factors suggested for the domestic front. In addition, non-availability of international credit cards, foreign currency remittance restrictions, delays and informal payments at customs clearance even for small value and quantity items will discourage B2C.

Business to Business: The B2B application already exists in the export sector of Bangladesh, especially in the Ready Made Garments (RMG) industry. RMG has the lion‟s share of the export earnings in Bangladesh. The RMG sector has begun to use the Internet, and its dependence on ecommerce is likely to grow in the coming years. The Internet would enable them to seek information about



References:

You May Also Find These Documents Helpful

  • Powerful Essays

    E-commerce means using online electronic data communications to perform or enable transactions, usually financial, to buy or sell, subscribe to or join something. The term e-commerce is usually used for transactions performed on the Internet, and within that, usually on the Web.…

    • 949 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    According to Prenhall.com E-commerce can be defined as the process of buying, selling, or exchanging products, services, or information via computer networks. E-commerce can also electronically mediated financial transactions between organizations and any third party it transact with. E-commerce is useful by providing transaction among organizations which can be observed from two perspectives. The selling and buy within an organization. Successful virtual ecommerce are Yahoo, Google, and AOL. E-commerce can be defined through learning, service, communications, business process, and commercial.…

    • 470 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Salvatore (2013) defines electronic commerce or e-commerce stating, “E-commerce refers to the production, advertising, sale, and distribution of products and services from business to business and from business to consumer through the internet” (p. 150). These activities can take place in many environments between businesses and consumers. E-commerce has changed the way goods and services are exchanged and have given light to businesses and consumers to exist on a global scale without an established brand. With e-commerce defined, let us look at its origin.…

    • 2336 Words
    • 7 Pages
    Best Essays
  • Good Essays

    E-commerce refers to the production, advertising, sale, and distribution of products and services from business to business and from business to consumers through the Internet. The biggest lures of e-commerce of consumers are the convenience of having round-the-clock access to the virtual store and the ability to engage in comparative shopping at minimal cost and effort. Through e0commerce, sellers can sharply reduce their cost of executing sales and procuring inputs, reformulate supply chains and logistics and redefine customer relationship management.…

    • 310 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    customer behaviour

    • 1489 Words
    • 7 Pages

    From an online perspective, e-commerce provides the capability of buying and selling products and information on the internet and other online services.…

    • 1489 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    “E Commerce is one of the most important facets of the Internet to have emerged in the recent times. Ecommerce or electronic commerce involves carrying out business over the Internet with the assistance of computers, which are linked to each other forming a network. To be specific, ecommerce would be buying and selling of goods and services and transfer of funds through digital communications” (Benefits of Ecommerce", 2007).…

    • 1838 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    E-Commerce describes any business to consumer transactions that take place partly or solely online and is not limited to the purchase of physical products from a website – although that does make up a key component of most e-commerce businesses. Some services or products are sold purely online while other companies may have physical stores or headquarters in addition to their online presence.…

    • 6908 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    assignment on E- commerce

    • 3121 Words
    • 13 Pages

    It is an enormous pleasure to submit my assignment titled “E-commerce System “in Bangladesh. A closer study assigned as a required of our course related.…

    • 3121 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    Adventure Works

    • 843 Words
    • 3 Pages

    The Internet has been making organizations life easier in many aspects. The business can be done from anywhere, by anyone, at anytime. Business-to-business or B2B is type of e-commerce where transactions happen with both seller and the buyers are business organizations. Business-to-business is one of the fastest growing segments of e-commerce. B2B e-commerce will benefit Adventure Works by cutting costs and improving efficiency. This will allow our business to buy, sell, auction, barter, and distribute products.…

    • 843 Words
    • 3 Pages
    Better Essays
  • Satisfactory Essays

    E-Commerce

    • 270 Words
    • 2 Pages

    3. The specific activities that a motorcycle manufacturer include in B2B electronic commerce for its supply management are hiring managing people who make the motorcycle, renting or buying the facilities which the motorcycles are made and stored , shipping the motorcycles, maintaining accounting records , obtaining customer feedback, Purchasing insurance, developing advertising campaigns and designing the new versions of the motorcycles . Manufacturing processes (such as the fabrication of the speakers) can be controlled using Internet technologies within the business. All of these communication, control, and transaction-related activities have become an important part of electronic commerce.…

    • 270 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Electronic commerce, and more broadly electronic business, has seen amazing growth in the past 15 years. With the introduction of Web browsers that incorporated user friendly graphic interfaces, E-commerce saw the beginning of its amazing growth. While talking about e-commerce and e-business, it is important to understand that there is a difference between the two. E-commerce is the process of exchanging goods and services over an electronic means, most popularly done over the Internet. E-business is the total activities a business engages in over the Internet, this includes e-commerce. Simply e-commerce is a small part of the makeup of e-business.…

    • 2973 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Electronic business, commonly referred to as "E-business" or "e-business", is sometimes used interchangeable with E-commerce. E-commerce constitutes the narrower definition of buying, selling, transferring or exchange of products and services, between businesses, groups and/or individuals using the internet, and intranets. E-business covers a broader definiton and includes e-commerce, customer relations management (CRM), business partnerships, "e-learning and conducting electronic transactions within an organization…

    • 12261 Words
    • 50 Pages
    Good Essays
  • Good Essays

    E-Business Model Of Zappos

    • 1033 Words
    • 5 Pages

    E-business (or electronic business) is defined as “the term used to describe using the internet to operate your business.” E-business is one of the fastest growing sectors and provides entrepreneurs with excellent opportunities to enter the market with a start-up company. One such companies being Zappos.com. Zappos, as well as similar sites such as Amazon are examples of e-businesses that created a new business model within a new environment, using the internet as a market place and giving way to online transactions. A practice still used today and that will be used until an updated e-business model, or an alternative model replaces it.…

    • 1033 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Asiatravel

    • 2586 Words
    • 11 Pages

    This essay describes how Asiatravel.com makes use of e-commerce for its B2B business, how it includes the good elements in the website, payment system and security, as well as identifies other elements that the company can consider to make the website better.…

    • 2586 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    E-Commerce

    • 5268 Words
    • 22 Pages

    According to COM [1], E-commerce means “doing of business electronically”. It encompasses many diverse activities from electronic trading of goods and services until after-sales service. Choi et al. viewed E-commerce as an “economic system where firms and consumers are aided by computers and networking technologies that enable an entirely new market” [2].…

    • 5268 Words
    • 22 Pages
    Powerful Essays