It would be really help to have single button to schedule a follow-up meeting.
Another features that the would really help is (while composing an email): "Send and create follow-up meeting". (or "Send and create follow-up Teams meeting") Both in short (30 mins)/long (60mins) variants.
Cheers!

I had so many meetings that it doesnt show in my month view to click on it (buried under "+ 7 more").  If I go to day or week view, then i cant drag it to next month.  I can't get the calendar to scrolll past the current week.  Any suggestions? 

This does not work with skype meetings. The skype part follows and will not work in the new meeting.

That worked. Also, right-click and drag to desired date/time and then release will show a context menu with options to move, copy or cancel.

Click Ctrl+C copies the appointment (Outlook 2010). Browse to follow up date. Click the date. Ctrl+V pastes the copy.

Ctrl and click copies the appointment it does not delete it (Outlook 2013) Alternatively dragging to Tasks creates a new task which contains any notes you entered into the appointment, within Tasks you can set a follow up date and be reminded of the Task

Awesome. Thanks. Is there a way to do this without drag and drop? A menu option?

This moves the appointment, deleting the original -- not good for anyone wanting to keep the original for reference purposes.