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In laymen's terms, nihilism refers to the experience of having lost a sense of meaning or purpose in life. It also relates to the belief that nothing is valuable or desirable. The philosophical understanding of the term, though related to its popular use, is somewhat more complex. Over past centuries, philosophers have debated the cause of the loss of meaning in life vigorously and have, therefore, come to define nihilism in many different ways. These philosophical nuances provide us with important insights into the manifestations of nihilism in the business realm.

One of the prominent distinctions that philosophers make when discussing nihilism is what may be described as the difference between explicit and implicit nihilism. Explicit nihilism could be defined as the absolute repudiation of worth, ...

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