That was done quite well by Thomas Aquinas in the 13th century.
Philosophical analysis is a way of clarifying terms, concepts, and propositions.
But Wittgenstein eschewed the idea that philosophy results in theories. Philosophy simply puts everything in front of us but it does not explain or deduce anything. Seeing more should result in the disappearance of philosophical problems. Philosophy has the tools for the solution of philosophical problems at hand. The way to understand the meaning of a word is to consider it within the language-game to which it belongs.