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Sales Target No Longer Required for the
IEC Practicum Course |
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Earlier, we have stated that the grade
for the IC 6998 E-Commerce Practicum would be determined by the Sales
Target, i.e. one million baht for the grade of A. However, there are
now several good reasons to cancel such a requirement. Some of the
reasons are given below, not in the order of importance. |
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The first reason is that the Thai Parliament
has failed to pass the so-called “E-Commerce Law” by the
end of the year 2000 as earlier expected by all concerned and the
lack of the law has a negative effect on e-commerce development in
Thailand. |
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The second reason is that Nasdaq index
has gone down from about 5000 to about 3200. Thus, investors are now
more careful in investing in Cybershops. Nobody knows when the next
up-cycle will be. It could take only a year or several years. |
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The third reason is that many DotCom’s have
gone down the drain, starting with Boo.com and so on. Thus, the faith
in DotCom’s is decreasing. |
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The fourth reason is that no Certification Authority
has been established in Thailand, making it less attractive, for the
time being, to do e-commerce in the country. |
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The above reasons have convinced us to cancel the
policy of requiring Sales Target for IC 6998 E-Commerce Practicum.
The grade will be determined in the usual fashion, i.e. by the quality
of the Project, e.g. business model, originality, web design, accuracy
of the contents, attractiveness of the webs, the report, the presentation,
etc. |
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Regardless of the mentioned problems, Internet and
e-commerce are here to stay and will definitely grow.
There may be a shift from “Click and Click” (virtual
shop) to “Brick and Click” (regular
shop adopting e-commerce) but both of them require qualified
Internet and E-Commerce specialists. |
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Prof.Dr.Srisakdi
Charmonman,
Chairman of the Board |