Q. This framework can help us in managing our time better by differentiating task that needs our immediate attention versus tasks that can wait?
A. The Eisenhower Decision Matrix, popularized by Steven Covey in his highly acclaimed book, “The 7 Habits of Highly Effective People” helps individuals make the distinction between what's important and not important and what's urgent and not urgent. The matrix consists of a square divided into four boxes, or quadrants, labeled: 1) Urgent/Important, 2) Not Urgent/Important, 3) Urgent/Not Important, and 4) Not Urgent/Not Important:
Urgent means that a task requires immediate attention. These are the to-do's that shout “Now!” Urgent tasks put us in a reactive mode, one marked by a defensive, negative, hurried, and narrowly-focused mindset.
Important tasks are things that contribute to our long-term mission, values, and goals. Sometimes important tasks are also urgent, but typically they're not. When we focus on important activities we operate in a responsive mode, which helps us remain calm, rational, and open to new opportunities.
[Source - Internet]