Study Report On E-Commerce (MIS-3302) Process of E-commerce Company Submitted to Moushumi Haque Lecturer; Department of Business Studies Notre Dame University Bangladesh Submitted by e-Tecno 4th Batch; Section – A Bachelor of Business Administration Notre Dame University Bangladesh Date of Submission: 13th March; 2018 Proposal Letter Date: January 18, 2018 To Moushumi Haque Lecturer Department of Business Administration Notre Dame University Bangladesh 2 Arambag, Motijheel, GPO Box-7, Dhaka-1000, Bangladesh Subject: Request for given permission to visiting and collecting data for research Dear Moushumi Haque, We are the students from Business Administration Department. You assigned us to visit any ecommerce based organization for gathering information regarding overall management, marketing, and revenue model as our class activity. We select “rokomari.com” as e-commerce based organization. “rokomari.com” is one of the popular online shop which basically sell book. Recently add electronic item to their list. We are writing this taller to request you give permission to visit “rokomari.com” for increasing practical knowledge regarding online marketing as well as the overall e-commerce process. We will hope and pray that you would be grant this latter send us “rokomari.com” for achieving some market knowledge of e-commerce. Your sincerely e-Tecno Mahbub Alahi (4-15010106) Alex Grasan Penheiro (4-15010123) Batch 4th; Section ‘A’ Department of Business Administration Notre Dame University Bangladesh Letter of transmittal 13th March, 2018 Moushumi Haque Lecturer of department of Business Administration’ Notre Dame University Bangladesh Dear Maam, This is a great pleasure to submit our study report on “E-commerce process of a National Ecommerce Company”. This report was assigned by you during our course period in the NDUB. We tried our best to put a best effort for the preparation of this report. Any shortcomings or flaw may arise we are very much beginner in this aspect. We will wholeheartedly welcome any clarification and suggestion about any view and conception disseminated in our report. We have gathered valuable experiences from practical life situations in the process of preparing the report. We would like to thank you for your kind-hearted cooperation with us in preparing the report. Regards, e-Tecno 4th Batch, Section: A Department of Business Administration Notre Dame University Bangladesh Acknowledgement While we were preparing our report, we had to take the great appreciation the helped and guidance given to us by ‘Moushumi Haque’ as our faculty. Without her help it would not be possible for us to compile information make necessary analysis as complete the study report in time. Who has kindly spent in valuable time is the supervising report, suggesting approaches for attending the problems. We are deeply grateful to her for this. We are very thankful to ‘S. M. Feroj Mahmud’ & ‘Kamol Gomes’ senior lecture; Notre Dame University Bangladesh. They will supervise and encouraged us to continue our report and helped us by giving much valuable information. Without their sympathetic attitude, cooperation, and valuable counsel it would not be possible for us to prepare this report. So, we are very grateful to them. We are very glad to Mr. Adnan, rokomari.com. He give a long period from his valuable time. He share many confidential information that help us to make this report easier as well as enrich our practical knowledge. Particular thanks must go to the ‘Notre Dame University Bangladesh’ by whom permission, we get the chance and complete our report. Without its permission we can’t do such a creative thing and miss many learning points. We would like to express our sincerest gratitude to our guardian, friends who always encouraged us for our higher studies and successful result… Executive Summary E-commerce is the buying and selling processes supported by electronic means, primarily the internet. It enables new forms of business, as well as new ways of doing business. Many Bangladeshi companies currently distribute their images through the Internet to clients all over the world, but the monetary transactions take place through conventional means. Despite having extensive advantages of doing business through E-Commerce people in our country are reluctant to conduct business in electronic form due to lack of some crucial factors. To avail the sky high opportunity of E-Commerce we are engaged to identify the causes which are hindering our success of E-Commerce. To do so I prepared problem statement this encompasses broad objective and specific objectives. From the specific objective I developed my research hypothesis which will be tested further through questionnaire Table of Contents SL No. Particulars Page No. 1 Introduction 1 2 Story behind the name rokomari.com 1 3 Story Behind the logo 1 4 Operation Management system 2 5 Management system 2 6 Employees 2 7 Partners 3 8 Products 3 9 Warehouse 3 10 Marketing strategies 3 11 Revenue Growth Scenario of rokomari.com 3 12 Revenue model 4 13 Security threats 4 14 Payment system 4 15 Return policy 4 16 Target customer 4 17 Value proposition 5 18 Managing confidential information 5 19 Competitive environment 5 20 SWOT analysis 5 21 Goal 6 22 Conclusion 6 Introduction This study report is given by Moushumi Haque, Lecturer of Business Asdministration of Notre Dame University Bangladesh. All the student of BBA 4th batch, Section – A, has assigned to prepare a briefly biography of any e-commerce organization of Bangladesh. The e-tecno group select rokomari.com for doing such critical task. The main purpose of this report is to fulfill the class requirement, gaining the practical job experience, and view the application of theoretical knowledge in the real life This is a qualitative study. Data was collected using face-to-face individual interview schedule. The whole assignment is based on primary data. Because no one before us had done such kind of assignment or taken any interview of rokomari.com. So there is no data in secondary source. We found some information in the official webpage of rokomari.com. But this is not enough for creating such critical report on rokomari.com. So we decided to go on a face to face interview for collecting the required information. But did not match them in time schedule. Story behind the name rokomari.com Rokomari.com means various kind or Different kind. And because of this name people can understand here you can get the different kind of products. The word is known by all the people in our country and people saying the word Rokomari.com once or twice in a day so people can easily pronounce the name. Story Behind the logo There are lots of color in the logo but it's different because the logo is only usable in the white background. The designer included different colors as much as possible. He used 7 colors and all the colors and fonts have particular meaning. So rokomari.com have simple, attractive and meaningful logo. 1|Page Operation Management system The operation management system is very complicated in E-commerce Business. Rokomari.com follows two models. The first one is Marketplace and the second one is ECommerce. Generally people cannot make any difference between marketplace and ecommerce. Suppose Bikroy.com they don’t have their own product they are creating the platform where people can make customer to customer business. But chaldal.com, rokomari.com and many more online business where they have to collect the order from the publisher and selling the products they have to face a lot of hassle in E-commerce Business. rokomari.com believed that delivery in as short time as it could is most challenging task its operation. Delivery challenge Though rokomari.com is an online service portal that provide the fastest delivery of online book and book related equipment. The biggest challenge for it was to deliver quickly. For the begging period, they contracted with Sundorbon Courier Service. But they did not deliver all the item in proper time to the customer. Two years later, they thought that their market needs to be divided. So they divided their whole market into two zone; first on in Dhaka Zone and other one is rest of the Bangladesh. They set eighteen (18) own delivery man only for Dhaka. Because Dhaka is the growing market. Now around 60% of all customer are from Dhaka, and the percentage are daily increasing only because of fastest delivery system. In the early stage a delivery man covered around only 10 -12 orders because of own transport and/or unknown place but now every man are covering around 30-35 orders. Last 3/4 years rokomari.com sending books abroad. Many Bangladeshi are live different countries, they want to read Bangla Novel in their laser period especially students are do. Management system The management system of rokomari.com is less formal. There is no restriction rules of employees’. An Employee Friendly Environment situation there. Anyone can share their problems with everyone. If top management take any decision, they discusses with the employees who have been involved. Sometime the manager will doing work with the staff. There no official dress code. Generally midlevel managers are take all type of decision, only for big decision top level management are involved. Employees Now rokomari.com have around 130 employees. The management is concern about selecting employees. And before entering the office they have to stay around 1.5 month in a Residential Project in Mirpur. Where employees can learn or know the company environment and how to work. And the total cost of this project beard by the company. So from the first day of joining 2|Page the employees know what to do and how to do. Management organize many recreational program for the employees such as annual picnic, parties etc. In this company there is no dress code so employees wear what they want and all the employees are so friendly. Partners There are six partners in this Business. The main Two Entrepreneurs are (a) Mahmudul Hasan Sohag; Director of Udvash (b) Abu Hasan Liton Products The main product is Books. And the other products are Onno Rokom Biggan Box, Led Bulb, and Electronics etc. They focused on creative educational products. They don’t have any interest on household goods. The latest product is original scientific calculator with 2 years replacement warranty. Future products are some measurement tool, medical tools. They want to make some contribution to the education sector. Warehouse From the beginning of the business, they don't have any warehouse because the orders and stored books are small in amount. But after some time they have to make warehouse because the order rate is increasing day by day. And rokomari.com imports foreign books to this business for keeping this books they need a warehouse. So they think that the Business should have their own warehouse to store the books & products. Then they create a warehouse. At now they have total 8 warehouse. Marketing strategies Rokmari.com is the first e-commerce company in Bangladesh. Before arrived (2012) it the people of the Bangladesh in not much familiar with e-commerce. So it need to send a message that people can buy book from virtual world. Rokomari.com taking Discounting offer to customer. It believe that we are the people like more discounting. Sometime they offer up to 40% discount, 10% off if buy online, or seasonal offer like until February 28 25% off of all books. Revenue Growth Scenario of rokomari.com The revenue growth of rokomari.com is constantly increasing. Normally growth level of every company lies in single digit, but rokomari.com has double digit. 3|Page Revenue model The revenue model of rokomari.com is sales revenue model. They get lots of offers of keeping advertisement to their page but they refuse every offers. Generally they have 60 viewers per second and the rate increased to 450 during “Ekushey Boi Mela”. But they don't have advertising revenue model. So they totally based on sales revenue model. Security threats E-commerce business have to face a lot of threads. Rokomari.com also faced such kind of problem. But the developer team they cover the security issues and system update. Randomly they are getting threads but rokomari.com overcome the threads by their developer team. The security system of the server activated 24/7. For this when a hacker try to harm the server the software system gives an alert to the team. Then they stop hacking and solve the problem. Around 3 years ago rokomari.com was hacked but within 24 hours they get back their information and stop hacking. Rokomari.com has their own software firm in Karwan bazar, Dhaka-1215. If something big occurs they come and solve the problems. Payment system All the payment system available in rokomari.com. Most of the payment are occur ‘Cash on Delivery’. Beside CoD, it has Rocket, bKash, mCash, Visa, MYCash, American Express, MasterCard. Etc. Return policy Rokomari.com have their own return policy. In policy they mentioned that if there is a problem in the product you have to exchange it within 15 days. Because of defective product if someone refuse to accept the product or returns the product to the delivery man, they exchange with the new product and delivered to the customer. But some customers returns the books or products after 2 or 3 month later because he or she was not present at his home. In that case rokomari.com accept their returned books or products and send required product without any extra charges. Target customer Rokomari.com is not focused in a specific aged people it's mainly for book lovers who love to read books. Informally we can say that the main customers are 18-26 aged people. So the branding is focused on this aged people. Nowadays the target age increased to 26 to 40 years people. 18-40 aged people are buying products from them. The amount of male customer is higher than female customer. Around 66% percentage are male customer. 4|Page Value proposition From 2012 to present many people start their business but they can't sustain in the market or can't capture the market place. But Rokomari.com is increasing their customers day by day. Because of their service. They provide the fastest and cheapest rate to the customer. Generally, people go to shop for buying books or products but because of rokomari.com people are getting their books with a handsome discount sitting their home. Because they are the first online book selling business that’s why rokomari.com get the first mover advantage. Managing Confidential Information rokomari.com has its separated security department. It maintain highly customer confidential information. When the customer buy any product from rokomarti.com all the information are save automatically its own server and no one can change it second time. Competitive environment Before discussing competitive environment of rokomari.com we have to clear who are the competitors of rokomari.com. Companies who are selling book online in Bangladesh are the competitor of rokomari.com. There no strong competitor present in Bangladesh market. Since, it start to selling book globally now the commutative environment become more complex. SWOT analysis SWOT analysis is a strategic planning technique used to help a person or organization identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning. It is intended to specify the objectives of the business venture or project and identify the internal and external factors that are favorable and unfavorable to achieving those objectives. Users of a SWOT analysis often ask and answer questions to generate meaningful information for each category to make the tool useful and identify their competitive advantage. Here we developed a SWOT matrix with the help of rokomari.com. It present belo; Strength: As rokomari.com has enough capital, it has a strong financial backup Rokomari.com has decision makers with lots of experience from renowned organizations which is a plus point for rokomari.com. High traffic of website visitors because of high quality product deliver. rokomari.com has a business model which is almost successful in 10 countries. 5|Page The relation with supplier, very smooth. That’s why the supply best quality products at lower price than others. Weakness: Some sellers are not efficient and don’t deliver the product on time. Opportunity: Rapidly growing internet users which is a huge opportunity for e-business in Bangladesh. Government emphasizes on e-business. Young generation is tending to order online mostly as it has less hassle and unique products. It’s increasing day by day. Threat: Fraud online buyers Fraud sellers Always has a risk of online payment. Goal The biggest thing of the business is they don't have any aim or don't set any aim. There is no limit to achieving the goal. Because if we achieve the goal then we will not have any kind of work after the acquisition, so our goal is unlimited. So rokomari.com believe that its goal is continues. CONCLUSION The potential size of Bangladeshi e-commerce market and promising sign of development in its ecosystem has resulted in some impressive valuations for some of the country’s ecommerce. So, it’s high time for rokomari.com Bangladesh to show its potential in Bangladeshi market as it has already shown its potential in other countries of the world. Though rokomari.com Bangladesh is facing some challenges with its delivery system and its sellers, hopefully they will fix it out very soon. Every business faces some problem when it starts in the market; rokomari.com is also facing that as well. rokomari.com has already earned its reputation as top online market place of Bangladesh. Very soon rokomari.com will show its effort in growth of e-commerce in Bangladesh as a top online marketplace of Bangladesh. 6|Page