Joe has scheduled a meeting with his management team for next week to talk about the Peninsula Hotel chain contract. He hopes that he will be able to work with them to draft a contract that is favorable to Peninsula that will ensure its renewal for another year. He is reasonably sure that the contract renewal will ensure his continued success and employment with UWEAR.

On his way out of the office today, Joe receives a call from Bill.

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Bill: “Joe, how are you doing? Got any great plans for the weekend?”

Joe: “No, my wife and I are just planning on hanging out at home and relaxing. How about you?”

Bill: “My family and I are planning a short trip on the yacht. We haven’t been out in a while, and the weather looks perfect. Maybe you and your wife could join us? We haven’t seen you guys in quite a while, and it will be good to catch up.”

Joe is relieved to get the invitation from Bill because their relationship has been strained lately because of the contract negotiations. Answer the following in a paper of 2–3 pages:

• What should Joe consider about this invitation?
• Who are the stakeholders in this situation?
• What are the potential outcomes to this situation?