Yup, I agree. If there was a heavy penalty on the business/financial level(not just on the software level), businesses would take things like software testing,

Yup, I agree. If there was a heavy penalty on the business/financial level(not just on the software level), businesses would take things like software testing, proper timeline management and rigorous specifications more seriously. Unfortunately, that's not the case. So most business just bulldoze their way to their primary objective.