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Stephen Covey's seven Habits of Highly Effective People includes a powerful time management method - the four quadrants weekly plan. This approach focuses on prioritizing tasks based on importance and urgency, as outlined in habit number three - put first things first. Tasks such as exams, business meetings, emergencies, and deadlines fall into the important and urgent quadrant, requiring immediate attention to prevent stress. On the other hand, tasks like missed meetings, unimportant phone calls, and short notice requests are urgent but not important, leading to potential time wasting. Prioritizing tasks based on this method can lead to more efficient time management and reduced stress levels.