In this organization, staff and board members were aware of the loss of the grant, but there was a kind of psychological disconnect. Another organization with which I work has run a deficit this year of more than $200,000, and board members are periodically reminded that it is nothing to be concerned about.
This article explains the role of an OEM company and the OEM business model. OEM (pronounced as separate letters) is short for original equipment manufacturer. OEM is somewhat of a misleading term for a company that has a special relationship with computer and IT producers.
Updated May 18, 2017. The acronym OEM stands for Original Equipment Manufacturer. Typically, OEM refers to original parts for the automotive industry. For example, if you have a Chevy and need an engine, you can purchase one from another manufacturer or an authentic Chevrolet engine. While the manufacturer may not make the exact part, OEM refers to the part that the manufacturer used in the original vehicle.