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In Stephen Covey's seven Habits of Highly Effective People, he introduces the four quadrants weekly plan for time management. By asking yourself if tasks are important and urgent, you can prioritize effectively. Habit number three, "Put first things first," helps you identify priorities like exams, business meetings, urgent crises, and emergencies that require immediate attention. Staying in the important and urgent quadrant for too long causes stress. Tasks that are urgent but not important can be delegated or delayed. Balancing priorities helps in efficient time management.