The National Cyber security Centre (NCSC) define penetration testing as: a method for gaining assurance in the security of an IT system by attempting to breach some or all of that system's security, using the same tools and techniques as an adversary might.
Penetration testing should be viewed as a method for gaining assurance in your organisation's vulnerability assessment and management processes, not as a primary method for identifying vulnerabilities. A penetration test should be thought of as similar to a financial audit. Your finance team tracks expenditure and income day to day. An audit by an external group ensures that your internal team's processes are sufficient.
Penetration testing should be viewed as a method for gaining assurance in your organisation's vulnerability assessment and management processes, not as a primary method for identifying vulnerabilities. A penetration test should be thought of as similar to a financial audit. Your finance team tracks expenditure and income day to day. An audit by an external group ensures that your internal team's processes are sufficient.