What is the scope of engineering management?

The scope of Engineering management would be you can open up your own software development company where you have enough knowlege regarding the techinical field and have the managerial skills in you. Also only technical knowlege is not enough. the management skill will alsways help to analsea nd also manage the operation, project opr the rganization. so i think there is lots of scope for the Engg Managemnet