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Stephen Covey teaches the four quadrants weekly plan to effectively manage tasks based on importance and urgency. Prioritize tasks using the questions: Is it important? Is it urgent? This relates to Habit 3: Put First Things First. Tasks like exams, meetings, crises, and emergencies are important and urgent, requiring immediate attention. Avoid spending too much time in this quadrant to avoid constant stress. Less urgent tasks like missed meetings or emails, requests from others, and time constraints are still important but can be delegated or postponed.