“An erudite anthem for large companies reshaping themselves to innovate and compete with agile startups.” -- Kirkus Reviews A Kirkus Indie Books of the Month Selection and recipient of a Kirkus Star for "Exceptional Merit" “An important book for the boards and managements of every company dealing with the avalanche of technological change.” -- Jack Greenberg , Chairman of Western Union and former CEO of McDonald’s “This book’s eight innovation rules represent the difference between big companies leveraging their assets or getting their assets whooped.” -- Guy Kawasaki , Former chief evangelist of Apple and author of APE: Author, Publisher, Entrepreneur “This is the best business book I’ve read in very many years. It absolutely nails how to and how not to innovate.” -- Sam Hill , Author of Radical Marketing and former chief marketing officer at Booz Allen “Great work! The more I read, the more I couldn't put it down.” -- Philip Fasano , Executive vice president, Kaiser Permanente and Author of Transforming Health Care Overview The New Killer Apps reverses the conventional wisdom that start-ups are destined to out-innovate big, established businesses. Through crisp analysis and compelling case studies, Mui and Carroll show that this just isn't true. Or, at least, it need not be. Yes, small and agile beats big and slow, but big and agile beats anyone. This book offers a roadmap for how large companies can Think Big, Start Small and Learn Fast. In doing so, they can get out of their own way, take advantage of their natural assets, and vanquish both traditional competitors and upstarts by nurturing and unleashing their own killer apps. There's certainly a lot on the line. A perfect storm of technological innovation—combining smartphones and other mobile devices, ubiquitous cameras and sensors, social media and “big data” analytical tools—means that more than $36 trillion of stock-market value is up for what Mary Meeker at Kleiner Perkins is calling “reimagination.” Large companies will either do the reimagining and lay claim to the markets of the future or will be reimagined out of existence. Table of Contents Foreword by James Madara, M.D., CEO, American Medical Association GETTING STARTED Introduction: A Road Map for Corporate Innovation– Big and Agile Beats Anyone Case Study: Google Cars and $2 Trillion in Auto-Related Revenue Up for Grabs PHASE ONE: THINK BIG Rule 1: Context Is Worth 80 IQ Points Rule 2: Embrace Your Doomsday Scenario Rule 3: Start with a Clean Sheet of Paper Case Study: Carmakers Must Take a New Road PHASE TWO: START SMALL Rule 4: First, Let’s Kill All the Finance Guys Rule 5: Get Everyone on the Same Page Rule 6: Build a Basket of Killer Options Case Study: Auto Insurance in a World Without Accidents PHASE THREE: LEARN FAST Rule 7: A Demo Is Worth a Thousand Pages of a Business Plan Rule 8: Remember the Devil’s Advocate Case Study: Are Hospitals DOA? Conclusion Afterword: Moving from Innovation to Invention "An erudite anthem for large companies reshaping themselves to innovate and compete with agile startups. The sagacious, well-rounded guide will also appeal to investors, teachers, students, journalists and historians, all of whom might have a vested interest in the future of the tech industry and the next big thing." -- Kirkus Reviews (Kirkus' Indie Books of the Month Selection and recipient of the Kirkus Star for Exceptional Merit) "There is no law that says today's Fortune 100 must become tomorrow's dinosaurs. Carroll and Mui map out how your corporation can innovate and prosper as well as--if not better than--the hottest start-ups." -- Don Tapscott , best-selling author of, most recently, MacroWikinomics "This book provides a compelling case for embracing innovation and a good road map for taking advantage of the tremendous opportunities coming our way." -- Sanjay Gupta , executive vice president, Marketing, Innovation and Corporate Relations, Allstate Insurance "This book clearly, cleverly, and concisely presents the coming challenges, pitfalls, and prescriptions for success over the next decade. Take it as your wake-up call, compass, and guide to ensure you end up among the winners, rather than the many losers." -- Toby Redshaw , former global chief information officer, Aviva and American Express "Mui and Carroll breathe new life into what I thought was a dead horse--making large corporations innovative. Rather than chasing Silicon Valley VCs for co-investments in innovative start-ups that they'll just squander, the world's largest corporations should follow the eight- rule process in this book to nurture their own killer apps!" -- Gordon Bell , legendary computer engineer, prolific angel investor, and author, High Tech Ventures Chunka Mui is the coauthor of the bestselling "Unleashing the Killer App: Digital Strategies for Market Dominance." Paul Carroll wrote the bestselling "Big Blues: The Unmaking of IBM." Together, they also coauthored the aw