Recently, large-amplitude oscillatory shear has been studied in great detail with emphasis on its impact on the material response. Here we present a conceptually different, robust methodology based on viewing the stress waveforms as representing a sequence of physical processes. This novel approach provides the viscous and elastic contributions while overcoming the problems with infinite series encountered by Fourier transformation. Application to a soft colloidal star glass leads to the unambiguous determination and quantification of rate-dependent static and dynamic yield stresses, the rationalization of the response to strain sweeps and the post-yield regime by introducing the apparent cage modulus, and a connection to the steady-shear stress, all from a single-amplitude experiment. We propose that this approach is generic, but focus in this contribution only on a yield stress material which exhibits repeating cycles of (i) elastic extension, (ii) yielding, (iii) flow, and (iv) reformation. We show that this approach is qualitatively consistent with the Fourier-Chebyshev analysis. (C) 2011 The Society of Rheology. [DOI: 10.1122/1.3544591]