The runaway is from the intake charge being too lean and the combustion chamber gets so hot it ignites the lean mixture and doesn't need spark so the lanyard and kill switch are useless. The only way to stop it is to cool the combustion chamber to stop the spontaneous combustion.
The best way is to pull the choke but you can also hold the throttle wide open and the stop button down, this will allow more air and fuel in which will cool the cylinders and the stop button will not allow spark so it will eventually cool and stop running, just make sure it is completely stopped before releasing the throttle or stop button.