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Promotion of SMEs e-commerce adoption in overseas places. Such new mode of doing businesses in which the parties interact electronically rather than by face-to-face interactions is generally called electronic commerce "e-commerce" 1 Legend symbol denoting E-commerce is a subset of e-business. The latter refers to tradeonline lelong business activities conducted through electronic means, including all business activities involved in various stages of the business cycle from marketing, advertising, ordering, delivery, payment to stock replenishment.
The flourishing global e-commerce markets reflect the many advantages e-commerce can offer over a traditional brick-and-mortar business. Among them are wider market reach and lower operating costs as it is not necessary to maintain a physical store to sell the products. E-commerce also provides a lower risk, faster avenue for local companies to penetrate international markets, which boosts the export capacity of local companies and by extension tradeonline lelong trade tradeonline lelong of the economy.
While the above advantages may drive the private sector to actively develop e-commerce business, the government may still have tradeonline lelong facilitation role to play in promoting the e-commerce growth.
This is particularly the case as small- and medium-sized enterprises "SMEs"being the backbone of the economy, are generally lagging behind large companies in the adoption and usage of e-commerce for the lack of the required resources and technical capabilities to manage their own e-platforms.
In Hong Kong, the Government mainly assists SMEs in exploring business opportunities in e-commerce through organizing different events and providing funding support for export promotional activities on e-commerce platforms.
Yet, the industry views that the Government can tradeonline lelong more by measures such as strengthening SMEs' know-how on e-commerce applications and encouraging SMEs to trade online. This issue of Essentials depicts the current e-commerce landscape in the SME sector in Hong Kong, followed by the discussion of the measures adopted by Germany, Singapore, and tradeonline lelong United Kingdom "UK" to establish a tradeonline lelong strategic approach towards improving SMEs' tradeonline lelong ability and expanding their online markets.
In Hong Kong, SMEs are defined as manufacturing firms which employ fewer than persons, or non-manufacturing firms which employ fewer than 50 persons. The limited usage of e-commerce was particularly evident in SMEs. Tradeonline lelongonly 6. The corresponding online sales and purchase figures were much higher for large enterprises, at The lower uptake of e-commerce in the SME sector is likely related to their weaker web presence.
Promotion of e-commerce adoption in SMEs In Hong Kong, the Government promotes e-commerce adoption in the SME sector broadly through the organization of different events, and support of online marketing activities.
Sincethe Government has expanded the scope of the SME Export Marketing Fund to cover export promotional activities on e-commerce platforms and electronic media, in addition to the traditional promotional means. Nevertheless, many SMEs tend to adhere to the traditional way of doing business.
Yet many of them lack the capability and knowledge on the practical application and associated management, and barely have an idea on what tradeonline lelong of digital solutions tradeonline lelong relevant to their business. These barriers tradeonline lelong lessen their willingness to invest in digital infrastructure and move on to e-commerce.
Among others, there are also views that the Government should provide more support to facilitate Tradeonline lelong business transformation in view of the growing popularity of trading online. Promotion of SMEs e-commerce adoption in overseas places In overseas places such as the UK, helping SMEs go digital and trade online have been part of the national strategy to grow the digital economy.
Under the UK's Information Economy Strategy, tradeonline lelong series of awareness-raising and skills improvement sessions were held for SMEs with little or no online presence, with a view to enabling them to use technology more confidently in the first place, with a longer-term ambition to get these businesses to trade online. Similarly, to sharpen the competitiveness of SMEs, Germany has made concerted effort to promote SMEs' digitalization and the use of advanced applications under its national "Digitalizing SMEs" initiative.
Specifically, it has established dedicated agencies to share the digital know-how with trade associations and Tradeonline lelong by measures such as providing support on the application of cloud computing technologies and offering SMEs ideas on how to design an online shop for B2B trade. In addition, the government has also set up a number of Tradeonline lelong competence centres to provide more structured and practical information on digitalization and relevant training to SMEs.
One of the notable measures is the partnership of the International Enterprise Singapore with major e-marketplaces such as United States-based Amazon and Tradeonline lelong T-mall to help Tradeonline lelong list their products on the global online platforms more easily. Likewise, the Tradeonline lelong, through the Department for International Trade, has put in place an e-Exporting Programme to provide local retailers with access to some large e-marketplaces on better-than-commercial terms, including lower commission fees with "try for free" periods.
Concluding remarks In Hong Kong, the Government tradeonline lelong e-commerce adoption in the SME sector broadly through the organization of different events, and support of export promotional activities on e-commerce platforms with subsidies. However, the low uptake of e-commerce by SMEs is probably due in part to their lack of capability and knowledge tradeonline lelong the application of digital solutions.
In overseas tradeonline lelong like the UK and Germany, their governments have taken a more strategic approach in promoting e-commerce adoption by providing targeted training, knowledge sharing and support to SMEs to strengthen their digital awareness tradeonline lelong competence, with a view to enabling them to be more confident to use technology in the first place and more prepared to trade online in the future. Meanwhile, they have provided facilitation measures to encourage cross-border e-commerce through partnership with major e-marketplaces around the world to enable SMEs wishing to expand tradeonline lelong markets to trade on these platforms with ease.
E-commerce is a subset tradeonline lelong e-business. See Census and Statistics Department The Small and Medium Enterprises Committee is an advisory committee, tasked to advise the Government on issues affecting the development of SMEs in Hong Kong, and suggest measures to support tradeonline lelong facilitate the development and growth of SMEs.
See International Enterprise Singapore Census and Statistics Department. Commerce and Economic Development Bureau. Hong Kong Trade Development Council. Panel on Information Technology and Broadcasting. Trade and Industry Department. For discussion on 16 June Fit for Partnership with Germany - JournalIssue 8. Federal Ministry for Economic Affairs and Energy. United Nations Conference on Trade and Development.