Managers emphasize that the critical skills and abilities required for effective management are holistic, empathetic, and action oriented and urge that management education include opportunities for more live process or hands-on exposure. This article addresses the nature of interaction-learning projects involving live natural organizations and advocates an enlarged concept of the learning arena to include four stakeholders: the students, the instructor, the contact person, and the organization. Differing expectations and role responsibilities for each stakeholder are identified. Specific suggestions are generated to help instructors manage the learning experience so that each stakeholder achieves a positive outcome.