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.
OEM. (O riginal E quipment M anufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the original manufacturer), but eventually became widely used to refer to the organization that buys the products and resells them. However, the OEM reseller is often the designer of the equipment, which is made to order. Added Value or None. The reseller often does not add extra value to the equipment, but merely brands it with its own logo.