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#347 How Walt Disney Built His Greatest Creation: Disneyland

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Identifying Market Opportunities

The development of Electric Parks stemmed from trolley companies facing decreased weekend ridership due to people using electric trolleys primarily for work commutes. These companies had to bear the fixed cost of electricity daily, even when revenues were low on weekends. Trolley parks, early forms of amusement parks, were created to stimulate weekend travel. Walt Disney's strategy, similar to Steve Jobs, involved identifying markets with subpar offerings and seizing the opportunity for enhancement.

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