This document outlines the 8 steps in the new product development process: 1) idea generation, 2) idea screening, 3) concept development and testing, 4) business analysis, 5) beta testing and market testing, 6) technical implementation, 7) commercialization, and 8) new product pricing. It provides a flow from generating ideas to bringing new products to market.

1. NEW PRODUCT DEVELOPMENT

3. 6. Technical 7.
1. Idea Generation
Implementation Commercialization
5. Beta testing and 8. New Product
2. Idea Screening Pricing
Market Testing
3.Concept
4.Business
Development and
Analysis
Testing

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