Managerial Entrenchment In the Corporate World

Managerial Entrenchment In the Corporate World One of the biggest threats to long-term success is managerial entrenchment, which occurs when corporate leaders put their own self-interests ahead of the companys goals. This is of concern to people working in finance and corporate governance such as compliance officers and investors because managerial entrenchment can affect shareholder value, employee morale, and even lead to legal action in some instances. Definition Managerial entrenchment can be defined as an action, such as investing corporate funds, that is made by a manager in order to boost his or her perceived value as an employee, rather than to benefit the company financially or otherwise. Or, in the phrasing of Michael Weisbach, a noted finance professor and author: Managerial entrenchment occurs when managers gain so much power that they are able to use the firm to further their own interests rather than the interests of shareholders. Corporations depend on investors to raise capital, and these relationships can take years to build and maintain. Companies rely on managers and other employees to cultivate investors, and its expected that employees will leverage these connections to benefit corporate interests. Some workers also use the perceived value of these transactional relations to ensconce themselves within the organization, making them difficult to dislodge. Experts in the field of finance call this a  dynamic capital structure. For example, a mutual-fund manager with a track record of producing consistent returns and retaining large corporate investors may use those relationships (and the implied threat of losing them) as a means of earning more compensation from management. Noted finance professors  Andrei Shleifer  of Harvard University and  Robert Vishny  of University of Chicago describe the problem this way:   By making manager-specific investments, managers can reduce the probability of being replaced, extract higher wages and larger prerequisites from shareholders, and obtain more latitude in determining corporate strategy. Risks Over time, this can affect  capital structure decisions, which in turn affects the way in which shareholders and the managers opinions affect the way a company is run. Managerial entrenchment can reach all the way to the C-suite. Plenty of companies with sliding stock prices and shrinking market shares have been unable to dislodge powerful CEOs whose best days are well behind them. Investors may abandon the company, making it vulnerable to a hostile takeover. Workplace morale can also suffer, prompting talent to leave or for toxic relationships to fester.  A manager who makes purchasing or investment decisions based on personal bias, rather in a companys interests, can also  cause  statistical discrimination. In extreme circumstances, experts say, management may even turn a blind eye to unethical or illegal business behavior, such as insider trading or collusion, in order to retain an employee who is entrenched. Sources Martin, Gregory, and Lail, Bradley. The Downside to Limiting Manager Entrenchment. Columbia.edu, 3 April 2017.Schleifer, Andrei, and Vishny, Robert W. Managerial Entrenchment: The Case of Manager-Specific Investments. Journal of Financial Economics. 1989.Weisbach, Michael. Outside Directors and CEO Turnover. Journal of Financial Economics. 1988.Wharton School of University of Pennsylvania staff. The Cost of Entrenchment: Why CEOs Are Rarely Fired. UPenn.edu, 19 January 2011.

Are There Grants with No Strings

Are There Grants with No Strings One of the most common questions that FundsforWriters receives is where can someone find a grant to self-publish a book, ninety percent of the time their first book. No mention of genre, where the author lives, the purpose of the book, or why anyone would want to fund such a book, much less read it. They just want the money with nobody asking questions and no strings attached. There is no such grant for that purpose, anywhere. Just like every publisher publishes certain genre, every agent prefers certain writing, and every magazine emphases certain topics, grants have their niche as well. And most of the time it has absolutely nothing to do with whether your pockets are empty and you are in need of money. To apply and receive a grant, you have to understand the grantintimately. 1) Why does the grant even exist? 2) What does the grant provider hope to accomplish 3) What does the grant provider want in return for giving out grants to applicants? 4) What do you have to prove to the grant provider to show you are kindred spirits? 5) What are the qualifying requirements in terms of your experience, residency, age, gender, nationality, financial status, publishing history, or plans for the future? Are you beginning to see more clearly how grants are handled? A grant provider wants to create its own legacy. It wants to be remembered for having made the world a better place. Your job is to prove to them that There is no grant for you to get a book published. You must have grander plans than that for not only your book but yourself. For no strings money, consider crowdfunding at Kickstarter.com and Indiegogo.com. Now . . . does that make more sense?

The breakdown of American family Essay Example | Topics and Well Written Essays - 750 words

The breakdown of American family - Essay Example This paper discusses some of the most important problems of Americans today and discusses their cause-and-effect relationship with the breakdown of family. Problems discussed are drug addiction among teenagers, teenage pregnancy, abortion, and suicide among Americans. Drug addiction is on a rise in America today. A lot of teenagers fall prey to this habit and end up ruining their academic and professional career and in the long run, their life. Teenagers adopt this habit because of lack of parental supervision. This is the reason why drug addiction among teenagers is far lesser in the more reserved and family-oriented nations as compared to America. Teenage pregnancy is another outcome of breakdown of the family in America. Teenagers have no one to keep a check over them taking benefit of which, they indulge in physical relationships with their fellows before the appropriate age. This causes increase of pregnancy among teenagers and also abortion. Rather than accepting the responsibi lity, teenage girls tend to come out of it as soon as they realize that they are pregnant and thus, go for the abortion. The increasing suicide rate is the outcome of depression caused by the feeling of guilt and trauma because of such wrong decisions in life as drug addiction and physical relationships. ... This has promoted the culture of cohabitation in America which is one of the biggest threats to the sacred institution of marriage. People tend to cohabit as it relieves them from the financial and legal implications of the marriage. On the other hand, people that do marry have large tendency to have their marriage failed, because the partners have not learnt to compromise from their parents. Thus, breakdown of the family system in America is both a cause and effect of the increasing divorce rate among the Americans. The family system promotes a healthy culture wherein people can relate to one another psychologically and emotionally. Members of a family assume certain roles and responsibilities that they are obliged to perform in the capacity of the family-member. Rights come with responsibilities. Parents can only have a right over their children and their lives when they have grown up if they have been fulfilling their responsibilities as parents when the children were young and re ally needed their attention. Love of a mother and a father is essential to the development of confidence, self-esteem and most importantly, the identity of a child. It is the very lack of identity caused by the breakdown of the family that inculcates carelessness, irresponsibility and self-centeredness in people and they indulge in such behaviors that cause them to repent in the long run. â€Å"[T]he importance of the family in binding generation to generation, inspiring love and intimacy in the home, and fostering industry and lawfulness within the broader community† cannot be overemphasized (Carlson). Concluding, sustenance of a strong family system is fundamental to the solution of

International tourism management Assignment Example | Topics and Well Written Essays - 1000 words

International tourism management - Assignment Example One of the major challenges of corporate social responsibility of international tourism is to curb child prostitution and sex tourism. Despite many meaningful campaigns to curb these social evils, this heinous trade continues to flourish and is endangering the social fabric in and around the vicinity of the tourist hotspots across the world. This is not a sustainable practice it is time to evaluate the potential contribution of ‘corporate social responsibility’ (CSR) strategies to achieving more environmentally sustainable international tourism. Tourism is an extremely heterogeneous socio-economic phenomenon which encompasses a large array of lifestyles and cultures (Fuchs, 2010). The travel and tourism industry is one of the fastest growing industries for almost half century despite ups and downs in global financial and political ups and downs (Fuchs, 2010). Tourism casts complex and varied impact on the societies. While, there are great many tourists, there are also a large variety of societies that host the tourists catering to their every need and taste (Kala, 2008). Tourism is undoubtedly one of the major drivers of global economy. It increases opportunities in all countries whether developed or developing for its people to take part as hosts and guests in this socio-economic phenomenon (Kala, 2008). Source: UNWTO, 2010. Tourism trends and outlook update UNWTO. [Online] UNWTO Available at: http://www.unwto.org/facts/eng/pdf/barometer/UNWTO_Guilin_Forum10_day2_JK_fin_1x1.pdf [Accessed 24 November 2010]. The geographical reach and the labour intensive nature helps in generating employment, particularly remote and rural areas, where three-fourth of the two-billion people live under extreme poverty conditions (World Tourism Organisation, 2010). The World Tourism Organisation identifies seven factors that make tourism as an

Organisation and Management †Assignment One Essay Example for Free

Organisation and Management – Assignment One Essay For the purpose of this assignment I have chosen transport and logistics company Mainfreight Limited. I will be focusing specifically on the outbound night crew. This team is responsible for loading freight from the Wellington region onto trucks to be sent to branches across New Zealand. Inside this team there is one supervisor who works with the loading team on the floor also loading and is responsible for smooth daily operations. The mid level manager is the Operations Manager who is responsible for the supervisor and implementing organisational plans such as reducing damages to freight. The top manager in this case is the Branch Manager who sets goals for the branch and oversees planning for the future. Q1) An economic reason for a truck loading crew operating at night is that it’s cheaper to travel at night due to faster travel times and less fuel consumption for the trucks on empty roads I think this reason applies most strongly to my organisation because it will increase the profit. A social reason for the organisation is that there is less risk of accidents late at night on empty roads. A personal reason to form this organisation could be a love for trucks. Q2) Figurehead: The most well known figurehead of Mainfreight Wellington is the branch manager, an activity could be a speech at the grand opening, skills he would need include public speaking competency and reliability. Entrepreneur: The entrepreneur of the branch initiates innovative solutions and change to the organisation such as the branch manager diversifying from road transport to including rail or sea transportation. Some skills needed for this role are creativity and brevity. Resource allocator: Within my organisation this role is filled by the operations manager, who distributes resources such as equipment like forklifts and workers if needed to fulfill the crews workload. Some skills needed for this role are time management and planning ability. Disseminator: An activity a manager in this role might perform is gathering information from customers and producing estimates of freight quantities for the truck loaders who could then plan how they layout their loads. Skills need ed are the ability to gather and analyze information. Q3) ‘Soldiering’ by Frederick Taylor is when workers purposely limit output by not working to full capacity in order to avoid causing redundancies and to avoid losing incentive pay by exceeding required performance levels. The impacts of workers ‘soldiering’ on my organisation could mean that if there is a large influx of freight and workers don’t load it all that night, the delay could anger the customer who will then take their business elsewhere. If workers are soldiering performance will not be maximized and low productivity could cause a fall in capital investment and the eventual decline of the business. Q4) ‘Time and motion studies’ streamline task processes by reducing inefficient motions and then once the task process has been adjusted through motion studies the time studies then seeks to reflect a standard length of time in which the refined task process should be completed. Time and Motion studies’ are a technique to increase task efficiency by workers to increase the output with no greater physical effort. An impact of TM studies on my organisation is that incoming freight is placed in bays so loaders do not have to go back and forth to the unloading area.

The Economic Viability of American Agriculture Essay -- Agricultural E

The Economic Viability of American Agriculture â€Å"Hey mom, what is for supper tonight?† â€Å"Oh I don’t know son, what do you feel like eating?† â€Å"Well, I think I would really like to eat some steak and mashed potatoes and maybe some green beans; but first off we could start with a nice fresh salad and finish up with a rhubarb pie.† â€Å"That all sounds great son, but unfortunately all we have here is the steak; I’ll have to go to the store and see what I can find.† Later that evening the supper the family had was exactly how the son wanted it to be: the steak, potatoes, green beans and the rhubarb pie to top it off. Where do you think all of these products come from? They all can be traced back to the very importance of the world’s agriculture. We sometimes may take for granted that whenever we want a specific product we can just go to the store and purchase it. All we do is buy it and then consume without even thinking of all the hard work and time that went into the making of that specific product. This proves how valuable agriculture is to the American population; it is basically the sole provider as a food source, no matter what size the farm is. Nowadays farming is starting to become harder and harder for the men and women who call it their jobs. They have less land and fewer resources to use and they have more mouths to supply. This poses a major question; is agriculture still economically viable? Through out the rest of this paper there will be certain points that will be able to prove if agriculture really is economically viable. Such points will include the size of the farm and the types of crops that are grown there. Another point that will be touched on is how well agriculture is publicized and how well the surro... ... same time. As an American attitude, agriculture needs to stay economically viable because of its importance to the human race. Bibliograhpy Sonja Brodt, Gail Feenstra, Robin Kozloff, Karen Klonsky, Laura Tourte, â€Å"Farmer-Community Connections and the Future of Ecological Agriculture in California†, Agriculture and Human Values (2006) Vol. 23 Pg. 75-88 Charles A. Francis, â€Å"Greening of Agriculture for Long-Term Sustainability†, Agronomy Journal September-October 2004 Vol. 96 Num. 5 Steven C. Blank, â€Å"Producers Get Squeezed up the Farming Food Chain: A Theory of Crop Portfolio Composition and Land Use†, Review of Agricultural Economics Vol. 23 Num. 2 Pg. 404-422 James W. Richardson, David P. Anderson, Edward G. Smith, â€Å"Can We Save the Traditional Family Farm?† Agricultural and Food Policy Center, Department of Agricultural Economics. February 2001.

Technological Advances and their Effects on Media of Art

Some people find comfort in being involved in art. For them, their creations are the product of self-expressions that have no other better way of being expressed than through art. Some feel that they connect to the world or to their surroundings and arouse feelings through art. There may be some people whose passions center on art. For whatever reasons, art has become one of the areas where changes took place. Particularly, the media of art changed through the many technological advances that were introduced into the public. Art can be defined in many ways.There were traditional and contemporary definitions of art (Adajian). Generally, art refers to creative human endeavors. It also refers to any product of a creative impulse. Although it usually refers to visual arts, art also includes music, plastic arts, performing arts, and decorative arts. Moreover, art has many forms, including music, sculpture, painting, literature, performance art, drawing, and architecture. With the changing times and new technologies, art has included other forms such as conceptual art, computer art, photography, comics, video art, and film (WordIQ).All of these forms of art evolved as the world slowly became modernized. Recent technological advances have also placed great burden on some of the traditional media of art such as pencil and canvas. Many people think that along with hi-tech devices such as computer and camera, the use of pencil, coloring materials, ink or paint would become obsolete. Other technological advances that affected the media of art will be discussed as follows. The Quantel Paintbox The Quantel paintbox, which was launched in 1981, is a computer system which aids in manipulating video and in creating graphics.Through Quantel paintbox, the production of television graphics was further developed and improved. Quantel paintbox can now be run on workstations, unlike before when only hardware can run it. Moreover, professionals use Quantel paintbox up to this day for TV production. It was used extensively in creating artwork for the â€Å"Painting With Light,† which was a 1986 BBC series. Additionally, the Quantel was used in Arte, a European Network which created original TV designs. There were also new designs made for Quantel, namely: the Paintbox, Paintbox gQ, and QPaintbox (BroadcastEngineering).Computer Computer impacted the media of art in such a way that no traditional art media is needed to create art. For instance, with just the mouse, an artist can create cartoons and visual effects, unlike before when artists really must use pencil and paper. Artists before used materials for creating a film and sometimes these materials were unstable. For instance, images were placed in cels, or sheets of clear plastic. To avoid creating brushstrokes, colors must be manually painted from the back of the cel.Artists also used substances such as cellulose nitrate and cellulose acetate during the early 1900s. But today, artists are spared from using materials that decompose (Worth). Moreover, the ease of using computer and saving the works in it is an advantage that traditional medium cannot compete with. An artist can make use of visual or special effects with just a few clicks. A lyricist can write his songs in the computer. There is even software which allows the recording of songs. The invention of the computer has encouraged artists to use it for art purposes.Animation Software We see it on movies. From The Lion King to Bolt. There are even movies where humans and cartoon characters were incorporated as though the world of humans and that of the cartoons are one. Thanks to animation softwares that are of much help, everything can be possible today. The implementation of animation softwares among artists has also affected the media of art in major ways. With these softwares, it is much easier for artists to make animations. However, traditional media of art is still used.For instance, an artist creates a storyboard us ing pencil before the output can be fed into the computer for further changes or improvements. In another instance, character designs are created first by animators or artists. Then these designs would be produced on Model Sheets (or photographic stats) before distribution to the other artists (Worth). Camera Camera was first invented in 1841 by Joseph Nicephore Niepce. It has evolved from the machine that only takes images from the dark to the high-tech ones today (ShotAddict). With the invention of the camera, photography became the â€Å"in† thing.As time passed by, many more persons added features to the first camera. There was the invention of film, and now there are digital cameras which do not use films. It is also much easier to print out pictures taken by a digital camera. With the appearance of digicams, the traditional cameras slowly become obsolete, although there are still some artist which prefer using ones that they can manipulate Paints From the paints that we re used on canvas, now there are paints that can be used for clothing, foils, and specialty papers.With these paints, artists can turn any flat surface into printable surface. These paints have affected paint as a traditional medium of art because now paints are not only limited to paper or canvas (ArtMedia). With the fast paced world, art has been under a lot of changes, particularly in its media. Pencils, markers, paints and the other materials that were used before were now substituted with more hi-tech materials such as computer, camera, and animation softwares. However, despite the technological advances, art has always been there and man continually seek art.

Roll of Thunder, Hear My Cry (Injustice)

Analyze the different ways in which injustice is presented in Roll Of Thunder, Hear My Cry. We learn more about â€Å"injustice† as we read through Mildred D. Taylor’s novel: Roll Of Thunder, Hear My Cry. This story reflects on an African American family facing dark and difficult times in Mississippi. Throughout the story, Mildred D. Taylor symbolizes hope and bravery for oneself when facing inequality. In the novel, the author emphasizes injustice throughout problematic stages in Mississippi.Through characters such as Cassie, Little Man and T. J, the author uses several language techniques: sensory imagery, figurative language and flashbacks, allowing the readers to reveal the theme, â€Å"injustice. † Cassie, the protagonist of the story is described as a tough, intelligent and courageous character, who will always stand up for herself and looks after her siblings and friends through all the ups and downs they face.Cassie first demonstrates her boldness as she protects her youngest brother, Little Man. She stands up for him in front of a teacher, despite knowing that she will face consequences. â€Å"Miz Crocker, don’t please! † This quote conveys how scared Cassie and her love towards her brother. Cassie also displays courageousness as she faces injustice at the Wallace’s store, where she is insulted and humiliated for no proper reason. â€Å"Who’s little nigger is this! Mildred D. Taylor uses short sentences and strong words to get straight to the point and speed up the suspense. Cassie demonstrates her intelligence through a ruse she had planned with her Uncle Hammer. She tries to seek revenge from a white, schoolgirl by pretending to be her friend, but afterwards she would teach her a lesson. â€Å"I yanked unmercifully on her long, loose hair. † The author uses sensory imagery to emphasize her Cassie’s violent act.

The Purloined Letter by Edgar Allan Poe.

The Purloined Letter by Edgar Allan Poe. Throughout "The Purloined Letter," Edgar Allan Poe contrasts the intuitive, poetic deduction of Dupin with the orderly, mathematical logic of the Prefect. When Dupin's poetic logic outwits the Prefect's, Poe appears to convey a triumph of literature over mathematics. However, this apparent triumph of literary logic is underscored by parallels between Dupin and the Minister. Both are characterized by images of "doubling" and both use identical methods to steal the letter. Yet, the Minister is depicted as a villain, while Dupin is conveyed as a brilliant hero. Despite Dupin's success in discovering the letter, when Poe mirrors Dupin to the Minister, he reveals the double sides of his character and thus the multiple meanings within literature. Ultimately, Poe conveys that the true value of the purloined letter is its power to represent multiple meanings of both good and evil.Throughout the story, Dupin's imprecise, circular, intuitive deduction is contrasted with the Prefect's orderly, mathematical logic.English: The cover of the magazine The Gift, 1845,...From the start, Dupin is surrounded by images of smoke. In the opening line of the story, he smokes a "meerschaum" pipe. The narrator comments that Dupin seems to be "intently and exclusively occupied with the curling eddies of smoke that oppressed the atmosphere of the chamber" (Poe,6). Later, Dupin speaks "amid a perfect whirlwind of smoke" (9). Smoke is an intangible, curling, whirling, rounded image, with a shape and form that continually change. The disorderliness of the image that repeatedly characterizes Dupin is emphasized most poignantly when smoke literally breaks up the linearity of his sentences; "Whypuff, puffyou mightpuff, puffemploy counsel in the matter, eh?- puff, puff, puff. Do you remember the story they tell us of Abernathy?" (13) The puffs of Dupin's pipe, with their rounded paths interrupt Dupin's linear sentence. They not only break up...

Neurotransmitters Definition and List

Neurotransmitters Definition and List Neurotransmitters are chemicals that cross synapses to transmit impulses from a neuron to another neuron, glandular cell, or muscle cell. In other words, neurotransmitters are used to send signals from one part of the body to another. Over 100 neurotransmitters are known. Many are simply constructed from amino acids. Others are more complex molecules. Neurotransmitters perform many vital functions in the body. For example, they regulate heartbeat, tell the lungs when to breathe, determine the set point for weight, stimulate thirst, affect mood, and control digestion. The synaptic cleft was discovered by Spanish pathologist  Santiago Ramà ³n y Cajal in the early 20th century. In 1921, German pharmacologist Otto Loewi verified that communication between neurons was the result of released chemicals. Loewi discovered the first known neurotransmitter, acetylcholine. How Neurotransmitters Work The axon terminal of a synapse stores neurotransmitters in vesicles. When stimulated by an action potential, synaptic vesicles of a synapse release neurotransmitters, which cross the small distance (synaptic cleft) between an axon terminal and a dendrite via diffusion. When the neurotransmitter binds a receptor at the dendrite, the signal is communicated. The neurotransmitter remains in the synaptic cleft for a short time. Then it is either returned to the presynaptic neuron through the process of reuptake, metabolized by enzymes, or bound to the receptor. When a neurotransmitter binds to a postsynaptic neuron, it can either excite it or inhibit it. Neurons are often connected to other neurons, so at any given time a neuron  may be subject to multiple neurotransmitters. If the stimulus for excitation is greater than the inhibitory effect, the neuron will fire and create an action potential that releases neurotransmitters to another neuron. Thus, a signal is conducted from one cell to the next. Types of Neurotransmitters One method of classifying neurotransmitters is based on their chemical composition. Categories include: Amino acids: ÃŽ ³-aminobutyric acid (GABA), aspartate, glutamate, glycine, D-serineGases: carbon monoxide (CO), hydrogen sulfide (H2S), nitric oxide (NO)Monoamines: dopamine, epinephrine, histamine, norepinephrine, serotoninPeptides:  ÃŽ ²-endorphin, amphetamines, somatostatin, enkephalinPurines: adenosine, adenosine triphosphate (ATP)Trace amines: octopamine, phenethylamine, trypramineOther molecules: acetylcholine, anandamideSingle ions: zinc The other major method of categorizing neurotransmitters is according to whether they are excitatory or inhibitory. However, whether a neurotransmitter is excitatory or inhibitory depends on its receptor. For example, acetylcholine is inhibitory to the heart (slows heart rate), yet excitatory to skeletal muscle (causes it to contract). Important Neurotransmitters Glutamate is the most abundant neurotransmitter in humans, used by about half of the neurons in the human brain. It is the primary excitatory transmitter in the central nervous system. One of its functions is to help form memories. Interestingly, glutamate is toxic to neurons. Brain damage or a stroke can lead to an excess of glutamate, killing neurons.GABA is the primary inhibitory transmitter in the vertebrate brain. It helps to control anxiety. GABA deficiency may result in seizures.Glycine is the main inhibitory neurotransmitter in the vertebrate spinal cord.Acetylcholine stimulates muscles, functions in the autonomic nervous system and sensory neurons, and is associated with REM sleep. Many poisons act by blocking acetylcholine receptors. Examples include botulin, curare, and hemlock. Alzheimers disease is associated with a significant drop in acetylcholine levels.Norepinephrine (noradrenaline) increases heart rate and blood pressure. It is part of the bodys fight or flight syst em. Norepinephrine is also needed to form memories. Stress depletes stores of this neurotransmitter. Dopamine is an inhibitory transmitter associated with the reward center of the brain. Low dopamine levels are associated with social anxiety and Parkinsons disease, while excess dopamine is related to schizophrenia.Serotonin is an inhibitory neurotransmitter involved in mood, emotion, and perception. Low serotonin levels can lead to depression, suicidal tendencies, anger management issues, difficulty sleeping, migraines, and an increased craving for carbohydrates. The body can synthesize serotonin from the amino acid tryptophan, which is found in foods such as warm milk and turkey.Endorphins are a class of molecules similar to opioids (e.g., morphine, heroin) in terms of structure and function. The word endorphin is short for endogenous morphine. Endorphins are inhibitory transmitters associated with pleasure and pain relief. In other animals, these chemicals slow metabolism and permit hibernation.

The growing role of on-line learning courses Essay

The growing role of on-line learning courses - Essay Example They have immense potential of serving business & educational purposes whereby the primary use has been witnessed widely in training, education, knowledge management, research, design, conceptualization, and communication. In the modern business and educational world, multimedia is used in two forms - (1) Traditional multimedia systems - systems comprising of all multimedia components assembled together on a single computer deployed as standalone or accessible over high speed LAN systems which can then be presented using direct connectivity to presentation systems like LCD displays, projectors, high resolution monitors, etc.) (2) On-line multimedia systems - systems comprising of all multimedia components assembled together and deployed on multiple computers that are integrated through a presentation system which allows access to the multimedia content through Internet browser interfaces over Internet or Intranet. The traditional multimedia systems use files in their original format whereas the on-line multimedia systems use files in transformed f... (2) On-line multimedia systems - systems comprising of all multimedia components assembled together and deployed on multiple computers that are integrated through a presentation system which allows access to the multimedia content through Internet browser interfaces over Internet or Intranet. The traditional multimedia systems use files in their original format whereas the on-line multimedia systems use files in transformed form (includes format change, compression, size reduction, etc.) to make them suitable to be run through web enabled presentation technologies. Both multimedia systems offer interactive experience to users specifically in trainings and education programs with the help of the creativity of teachers presenting & controlling the content. However, on-line multimedia systems have exploded heavily on the Cyberspace thus significantly losing structure, knowledge connections, individualizations, human touch, learning effectiveness, etc. as compared to the traditional multimedia systems. This paper critically examines the weaknesses & limiting factors of on-line multimedia systems in education, training, learning, knowledge transfer, and presentation as compared with traditional multimedia systems. The next section presents literature review on multimedia syste ms that presents comparison between traditional & on-line multimedia systems, the subsequent section presents critical discussions & the final section presents conclusions on the subject. [Gibbs, Simon. 1995] Literature Review - On-Line Multi-Media Systems compared with Traditional Multi-Media Systems Multimedia comprises of object oriented software development forming a framework comprising of