1) Many CEOs hope to get a universal panacea to solve all the problems of their companies.

2）X（某个解决方案）, though not a universal panacea for the problems of Y, would be a reform/change/step in the right direction.

Riding bicycles, though not a universal panacea for the problems of environmental pollution, would be a step in the right direction.

There is no panacea for studying linear math.