Before doing anything else I would reinstall or repair install (if the app supports it)
The application that is the source of the error.
You may want to run the setup or installer file as an admin and temporarily disabling UAC for the duration of the repair/reinstall.
It sounds like the file simply didn't write.
You can also try installing the latest visual C++ library and see if that resolves your problem.
Download Details - Microsoft Download Center - Microsoft Visual C++ 2010 Redistributable Package (x86)