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.
1 This means that Bosch is the OEM for VW regardless of where you buy the Bosch part it is still OEM. 2  Tong Yang (A Chinese company) is the OEM light, mirror and radiator subcontractor for Nissan and Toyota.  Hella is an OEM light supplier to many of the European vehicles.