Case study: China's Xiaomi launches online lending service inIndia Xiaomi Corporation is a Chinese electronics company foundedby Lei Jun in 2010 that makes and invests in smartphones, mobileapps, laptops, bags, trimmers, earphones, MI Television, Shoes,fitness bands, and many other products. At the start of 2018,Xiaomi was the world's fourth-largest smartphone manufacturerleading in both the largest market, China, and the second-largestmarket, India. Beijing-headquartered Xiaomi first moved intoIndia's fast-growing financial services space in March 2019 with MiPay, which allows bill payments and money transfers. The companyhas recently (Tuesday, 3rd December) launched its online lendingservice in India, widening its offering of financial products inone of the world's biggest web services markets. While smartphonesare the core of its business, Xiaomi earns low margins from itsaffordable devices and relies on services for long-term profit. Thecompany prides itself in selling their affordable products to themass markets in China and India. However, Xiaomi’s attempt atlaunching a financial unit in Indonesia failed due to adisagreement with regulators over licencing. The company had toeventually shut down their operations in Indonesia in late 2018.Question: Question 1. Describe the alignment between the threedifferent types of business strategies and its association with HRMstrategies and functions. What business strategy has Xiaomi adoptedand how would this strategy impact their SHRM approach? Question 2Given that Xiaomi has grown its international operationssignificantly in the last 7 years, the company has had to adopt anaggressive recruitment and training strategy. Based on the systemsapproach to HRD, the first step of the process is to conduct a HRDneeds analysis. Describe how Xiaomi would conduct a HRD needsanalysis. Question 3 How would Xiaomi then evaluate theeffectiveness of the HRD programs?