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Innovative Approaches in Corporate ManagementInnovative Approaches in Corporate ManagementPart 1Polaroid and Xerox have these common strategic management points:First movers (Pioneers)PatentsPropitious nicheProduct life cycleMarket leadersBrand Name (Customer Loyalty)Polaroid Corporation and Xerox Corporation, being first movers, enjoyed propitious niches and were able to establish a monopoly for some period of time by establishing barriers to entry. Polaroid.