Strategy
A joint venture is a strategic alliance between two or more individuals or entities to engage in a specific project or undertaking. Partnerships and joint ventures can be similar but in fact can have significantly different implications for those involved. A partnership usually involves a continuing, long-term business relationship, whereas a joint venture is based on a single business project. Parties enter Joint Ventures to gain individual benefits, usually a share of the project objective. This may be to develop a product or intellectual property rather than joint or collective profits, as is the case with a general or limited partnership.
A joint venture, like a general partnership is not a separate legal entity. Revenues, expenses and asset ownership usually flow through the joint venture to the participants, since the joint venture itself has no legal status. Once the Joint venture has met its goals the entity ceases to exist. A written joint venture agreement should cover: * The parties involved * The objectives of the joint venture * Financial contributions you will each make whether you will transfer any assets or employees to the joint venture * Intellectual property developed by the participants in the joint venture * Day to day management of finances, responsibilities and processes to be followed. * Dispute resolution, how any disagreements between the parties will be resolved * How if necessary the joint venture can be terminated. * The use of confidentiality or non-disclosure agreements is also recommended to protect the parties when disclosing sensitive commercial secrets or confidential information.

summary
This company, Starbucks has been expanded by locating stores close to each other within a same area and still making a large amount of profit.
It also builds strong relationship with the real estate