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.