Final answer:
Sustainable development is the balancing of an organization's short and long term goals in social, environmental, and financial performance.
Step-by-step explanation:
The balancing of an organization's short and long term goals in social, environmental, and financial performance is called sustainable development. Sustainable development is about meeting the needs of the present without compromising the ability of future generations to meet their own needs. It involves considering the economic, social, and environmental aspects of business operations and striving for a balance among them.