The global phase portrait describes the qualitative behaviour of the solution set for all time. In general, this is as close as we can get to solving nonlinear systems. The question of particular interest is: For what parameter values does the global phase portrait of a dynamical system change its qualitative structure? In this paper, we attempt to answer the above question specifically for the case of certain third order nonlinear differential equations of the form . The linear case where is also considered. Our phase portrait analysis shows that under certain conditions on the coefficients as well as the function , we have asymptotic stability of solutions.