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.
ODM stands for original Design Manufacturing, and OEM refers to Original Equipment Manufacturing. 2. An OEM company is responsible for designing and building a product according to their own specifications, and then selling the product to another company or firm, which is responsible for its distribution.