"A problem has caused the program to stop working"

I just installed a game, and when I try to launch it I get the message "A problem has caused the program to stop working. Windows will close the program and notify you if a solution is available."

I'm not sure what this means or how to fix it so any help is appreciated.

file:///C:/Users/Patrick/Desktop/Error%20Pic.PNG

Have you installed all the patches for the game?

I got the game through Steam. So any updates available for it should be applied automatically.