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As part of a graduate program in political science with a concentration on the United States, you will read this book. If you don't, I am happy to go out on a limb and say that there is something wrong with your program!
This is one of the three seminal works available on the Presidency. There are others but this is one of the big guns. If you read this book, along with Corwin's "Presidential Power" and Rossiter's "The American Presidency", you'll understand all three theories of presidential power: the weak President (Neustadt), the strong President (Corwin) and the President wearing many hats (Rossiter). In reality, all three are correct.
It's interesting but a scholarly read. It's not a book you'd pick up for light after dinner reading.
The president must persuade other independently elected officials to do as he sees fit. This, in a city such as Washington DC where people have seen powerful politicians come and go over the years, is easier said than done. The president must be attuned to the nuances of political issues and not allow himself to become cut off from the political back and forth by his retinue of aides. He must retain the prerogative of making the final political decision and avoid becoming a clerk and simply ratifying the decisions made form by the staff and the bureaucracy. Further, he must define what is in his political self interest.
The president does so by keeping himself informed, by employing a system of information that allows him to be at the center and making real decisions; and by carefully husbanding the power and carefully cultivating the image of the president. While the president does posses the power to command, instances where he must rely on command are a prima facie failure of persuasion.
Finally, the president must ensure that others understand his power. He must be able to strike a modicum of fear into both his allies and his foes. In the political sense, this means the ability to hurt someone electorally. If I as the president can campaign against you and make it stick, you will be more likely to fear me and be persuaded by my requests.
This is not an easy read, but if you are involved as a student of politics you WILL read this book at some point. A classic and well worth the effort.
John C. McKee