The Application Failed to Start Because Side-By-Side Configuration Is Incorrect Error - Unresolved

Recently encountered error ‘The Application Failed to Start Because Side-By-Side Configuration Is Incorrect’, it was showing as below, tried to install Microsoft Visual C++ 2005 Service Pack 1 Redistributable Package MFC Security Update as suggested, still cannot resolve, I mark this error as unresolved.

Press the Windows KEY + S and type in event viewer until you see Event Viewer and click on that. Find Summary of Administrative Events and expand the Error subcategory and look for SideBySide. It was showing below,

Activation context generation failed for “C:\xxx\xxx.exe”. Dependent Assembly Microsoft.VC80.DebugCRT,processorArchitecture=“x86”,publicKeyToken=“1fc8b3b9a1e18e3b”,type=“win32”,version=“8.0.50727.6195” could not be found. Please use sxstrace.exe for detailed diagnosis.

Solved: The Application Has Failed to Start Because Its Side-By-Side Configuration Is Incorrect Error
“Side-by-side configuration is incorrect”
Microsoft Visual C++ 2005 Service Pack 1 Redistributable Package MFC Security Update