This is the reality of many people. There are many reasons why avoiding risks is smart and should be encouraged. But when avoiding risks stifles innovation it the risks to the organization are huge.
A great lesson. The hard part is that stupid decisions can easily be made when knowledge is lacking. There is no substitute for knowledge - W. Edwards Deming.
Quote from Lion of Lean, interview with Jim Womack:
You have to read the article to understand that quote.