The basic steps for conducting kinetic assays in catalysis typically include: 1. Preparation of Reactants: Substrates and catalysts are prepared in appropriate concentrations. 2. Reaction Initiation: The reaction is initiated by adding the catalyst to the substrate solution. 3. Monitoring: The progress of the reaction is monitored over time. This can be done using various analytical techniques like spectrophotometry, chromatography, or mass spectrometry. 4. Data Analysis: The collected data is analyzed to determine reaction rates and other kinetic parameters.