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In "The 7 Habits of Highly Effective People," Stephen Covey presents the four quadrants weekly plan for time management focusing on weekly tasks over daily planning. To prioritize, ask if tasks are important or urgent, relating to Habit 3: "Put First Things First." Important and urgent tasks like exams, emergencies, and deadlines require immediate attention. Avoid staying in this quadrant to prevent constant stress. Non-important and urgent tasks like missed meetings and emails can be managed differently. Balancing priorities is key to effective time management.