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Stephen Covey's "Seven Habits of Highly Effective People" includes a powerful time management strategy called the four quadrants weekly plan. This plan helps prioritize tasks on a weekly basis by distinguishing between important and urgent tasks. Habit three, "Put First Things First," emphasizes the importance of focusing on tasks that are both important and urgent, such as exams, business meetings, and emergencies. Covey warns that spending too much time on non-important and non-urgent tasks can lead to constant stress. It is crucial to prioritize tasks effectively to avoid feeling overwhelmed and prioritize important tasks that require immediate attention.