The comparison is between JIT production and our risk-averse nature. I will start with a brief introduction to what happens in JIT which will help you appreciate the comparison better.
JIT: One of the cornerstone thought of JIT is that “Reduce inventory and capacity for improvement”. It is like a ship sailing over an ocean. More the water level, lower the probability that you will hit a stone. Inventory and excess capacity increases your water level. Everything goes on smoothly and you never feel any problem. JIT principle is to reduce this water level so that you fail and the, you improve.
Same thing is applicable to me and many of my batch mates from IIT and IIM. With 4 Is or 2 Is in their degrees, they have increased the water level. “Playing safe” seems to be the sole motive. Do IIT, then US/IIM, and then do a job. “Play safe” always. We are living in a small cocoon which guards us from failures, pains and miseries. And once you are guarded, you can never improve. Whoever said,“One failure teaches you more than 100 successes” is the greatest thinkers of all time (If nobody has said this, I am saying this :)).
One needs to reduce that water level to hit the road blocks and then learn. Otherwise, your boat will always sail across a river, it will never be able to voyage in an open ocean.