Role of knowledge management and knowledge reuse has been investigated analytically in higher educational environment using Nonaka & Takeuchi and Harsh models. It has been observed that in three dimensional environment knowledge management and reuse together play key role for students and faculty both if these could be appropriately exploited. A comprehensive system can be built which can benefit both students and faculty in wider areas of their respective knowledge management. Special benefits of knowledge reuse may be seen if we could treat knowledge reusability as an independent quantity along with explicit and tacit knowledge. Current model reveals analytically that knowledge reusability may boost the operative knowledge in an educational organization and may have its sovereign reality. Present work may be also helpful to manage knowledge during software reuse and associated actions.