There is a unique link between leadership qualities and organizational success. Leadership is the problem of many organizations but little attention is given to leadership-related research. This paper aimed to examine the qualities of a good leader using principal component analysis (PCA). The study adopted a quantitative research approach by eliciting perceptions of respondents on the qualities of a good leader through structured questionnaire. One hundred and fifty (150) questionnaires were administered to top management of companies within the construction industry, banking industry, food industry, and information technology industry. One hundred and twenty-seven (127) were retrieved and considered for further analysis. The data obtained were analyzed using PCA. The findings revealed the principal qualities of a good leader to be: 1) accessibility and dedication, 2) neutrality and modesty, 3) aspiration and attentiveness, 4) believe and aptitude, 5) dignity and amiability, 6) insight and confidence, 7) vitality and concentration, 8) originality and honesty, 9) responsibility and team spirit, 10) decency and self-assurance, 11) charitable, 12) comical and maintenance culture, and 13) reliability. It is recommended that leaders should demonstrate these leadership qualities to enhance organizational effectiveness and efficiency.