[PDF] E-Business & E-Commerce agenda – OECS Competitive Business





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E-Commerce reduces the time between the outlay of capital and the receipt of products and services 2 The use of internet for business marketing the goods and services are increasing day by day 3 The impact of E -Commerce is positivelyaffecting on business marketing

What is e commerce & e-business?

    Electronic commerce focuses on the use of ICT to enable the external activities and relationships of the business with individuals, groups and other businesses or E-Business refers to business with help of Internet i.e. doing business with the help of Internet network.

What is e-commerce & how does it work?

    E-Commerce is the exchange of goods and services between (usually) independent organizations and/or persons supported by a comprehensive usage of powerful ICT systems and a globally standardized network infrastructure. For this purpose the business partners have to couple their business processes and their ICT systems.

What was e-commerce in the dot-com era?

    In the dot-com era, E-Commerce came to include activities more precisely termed ‘‘Web commerce’’ – the purchase of goods and services over the World Wide Web, usually with secure connections with E-Shopping carts and with electronic payment services such as credit card payment authorizations.

What are examples of e-commerce?

    Examples can be found in the publishing sector, construction industry, software industry, and consulting. OMMERCE 128 impaCt of e-CommerCe The Internet allows building groups, which can work on their objectives independently from the geographical distribution of members.
E-Business & E-Commerce agenda – OECS Competitive Business

ORGANISATION OF EASTERN CARIBBEAN STATES

E-Business & E-Commerce

agenda ² OECS Competitive

Business Unit (CBU)

May 2016

Presented by: Marlon Percival Marie

Officer-in-Charge &

Business Development Officer (e-Business)

The OECS Economic Union

‡7 Member States

‡3 Associated Member

States

Movement towards Free Circulation of

Persons & Goods in the OECS Economic Union

Competitive Business Unit (CBU)

(formerly the

Export Development Unit (EDU))

‡Evolved from its original mandate as an export promotion agency concerned primarily with export growth performance for manufactured products.

‡New entity now charged with promoting

competitiveness of the regional private sector across traditional and emerging high-potential sectors.

‡Facilitation and Advocacy for Business

Environment Enhancement

‡Management Enhancement

‡Product Development

‡Marketing Support

Key Strategic Priorities

for the Private Sector

Development Program

CBU Clients Years of Operation

8% 18% 14% 14% 46%

Years of operation

Less than 1 year

1-5 years

6-10 years

11-15 years

Over 15 years

Based on OECS e-Business & e-Commerce Assessment June - September 2014

CBU Clients Distribution of Employees

69%
16% 14% 1% SMEs 1 - 5

6 - 25

26 - 100

Over 100

Based on OECS e-Business & e-Commerce Assessment June - September 2014 72%
5% 3% 8%

1% 11%

CBU Client companies Primary Markets

Local (home country)

Other OECS Teritories

CARICOM (excluding OECS)

North America

EU Other

CBU Client product distribution 2014

Based on OECS e-Business & e-Commerce Assessment June - September 2014 8% 17% 67%
8% JOLŃO VPMPHPHQP NHVP GHVŃULNHV \RXU ŃRPSMQ\·V

Electronic Commerce strategy?

A strategy has been

developed and implemented

A strategy has been

developed but has not yet been implemented

No strategy, but we

plan to develop one in the future

No strategy, and there

are no plans to develop one

CBU Client revenue distribution 2013

Based on OECS e-Business & e-Commerce Assessment June - September 2014

Costs of Transactions ±

Exchange Rate

Eastern

Caribbean

Central Bank

rate

2.7169

Sample issue in ICT Development ±

Google Developer Access to OECS

Nationals

THE PROBLEM

Not enough

money

Do not need an

account

Family member

already has an account

Accounts too

expensive

Source: Mobile Money Live/GSMA

Financial

Institutions

too far away

Lack of

required documents

Perceived Barriers to Financial

Inclusion

60% of Adults in the Caribbean do not have a

traditional bank account

Source: Mobile Money Live/GSMA, ICT Pulse

Financial inclusion

Financial Inclusion Categories

Opportunity in the OECS

POTENTIAL TARGET

GROUPS

Low Income Adults, Unbanked

Micro Business Owners, Unbanked

Small Business Owners, Underbanked

OECS INITIATIVES

Harmonized Electronic Legislation, 2012

OECS e-Business & e-Commerce

Assessment - June - September 2014

OECS e-Payments Forum ² May 2015

Crowdfunding SME Trainings ²

October ² November 2015

Crowdfunding SME Trainings

February - March 2016

OECS Tech BootCamp ² February 2016

Status of Electronic Legislation

OECs e-Payments Forum

Recommendations

‡Pursue the Legislative agenda for

Harmonized Electronic Legislation;

‡Pursue traditional Financial options

through the assistance of the ECCB;

‡Explore alternative FinTech solutions; and

‡Continue to advocate for Financial

Inclusion.

Crowdfunding Training Initiative

2015

Crowdfunding Training Initiative

2016

OECS Tech Bootcamp

2016

Call to Action

OECS Needs

Enable participation by the unbanked and

create opportunities for financial inclusion

Increase productivity by eliminating

current bottlenecks to growth

Improve efficiencies and reduce cost

in the use of financial services

For more

Information

on the OECS

Economic

Union :Visit our website www.oecs.org ( Call us (767)-448-2240 wEmail us at oecsec@oecs.org mmarie@oecs.org

Follow us:

Facebook.com/oecscbu

28

Special thanks to the

Covela Foundation who

contributed to this presentation.quotesdbs_dbs30.pdfusesText_36
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