The document outlines the 8 key steps in a typical new product development process: 1) Idea Generation, 2) Idea Screening, 3) Concept Development & Testing, 4) Marketing Strategy Development, 5) Business Analysis, 6) Product Development, 7) Market Testing, and 8) Commercialization. It provides details on the activities involved in each step, including generating product ideas, screening ideas, developing product concepts, analyzing business feasibility, developing a marketing strategy, testing products in markets, and commercial product launches.