Develop a fishbone diagram and analysis.$$First$,$ pick a major Fortune $500$ company of choice that is publicly traded.$$You may want to choose a company in an industry you are interested in or a company you have access to research resources for.Research an existing problem the business has faced in the past $1-2$ years. Use news, journal articles, and other references to support your findings. Then conduct the diagram and outline listed below.$$Here is a step$-$by$-$step guide for conducting a fishbone diagram assignment:$1.$ Choose a problem: Select a business problem or challenge you would like to analyze. It could be a problem your organization is facing or a hypothetical scenario.$2.$ Define the problem: Clearly define the problem as specific as possible. For example, "Why is our product not selling as well as expected?"$3.$ Gather information: Research the problem and gather information about potential causes. Consider internal and external factors, such as processes, systems, organizational culture, market trends, and other environmental factors.$4.$ Create the diagram: Draw the main "spine" of the fishbone diagram, which represents the problem you are trying to solve. Label the spine with the problem statement. Then, add "bones" branching off from the spine, representing the different categories of potential causes. Label each category with a descriptive label, such as "Processes", "Systems", "Organizational Culture", etc.$5.$ Identify causes: For each category of potential causes, brainstorm specific causes that may contribute to the problem. Write each cause on a small post$-$it note or piece of paper and attach it to the corresponding branch.$6.$ Evaluate causes: Evaluate each identified cause to determine its impact on the problem. Consider the strength of the relationship between the cause and the problem, and prioritize the causes based on their impact.$7.$ Draw conclusions: Based on your analysis, draw conclusions about the most significant causes of the problem. Consider potential solutions to address these causes, and prioritize them based on their potential impact.$$