Furthermore, financial penalties on late delivery are not uncommon in enterprise business-to-business settings. These penalties are sometimes quite steep
If the choice is between releasing kinda-working, but unpolished software, or throwing a developer's monthly labor cost out of the window every single day, these management anti-patterns suddenly make much more sense
Problem with a lot of deadlines is that you aren’t told if this is a hard requirement because of a contract or some other external factor or just an ego trip or wishful thinking of upper management.
I have seen it plenty of times that management pushed for an arbitrary deadline. The deadline passed, project was not done and nothing bad happened other than another new deadline.
If the choice is between releasing kinda-working, but unpolished software, or throwing a developer's monthly labor cost out of the window every single day, these management anti-patterns suddenly make much more sense