In a fast-changing educational environment that is increasingly being driven by knowledge, higher educational institutions (HEI) are being forced to develop and apply knowledge assets management approaches in order to enhance the provision of academic services by linking knowledge assets management initiatives and processes with the ever-changing higher education needs and goals. The purpose of this paper is to propose a framework for managing knowledge assets in higher education to advance their goals. The development of the framework uses insights from the social character of knowledge and the task-technology fit theory to propose a framework consisting of three knowledge assets management pillars: knowledge assets, knowledge assets enabling ICT and knowledge assets management processes, to constitute the main dimensions of the framework. By using the reflections from the above insights to show the links between knowledge assets, enabling ICT and knowledge assets management processes, this paper does not only give guidance for improved management of knowledge assets in higher education, but also stimulate further discussions and research in the field of study so as to generate additional improved theoretical and practical results.