SYMPTOM:
After installing Strategy 10.7, when open Strategy applications like Service Manager, get below error. Reinstalling the products would not fix the issue.
The program can't start because api-ms-win-crt-string-l1-1-0.dll is missing from your computer. Try reinstalling the program to fix this problem.

CAUSE:
The issue occurs because Windows (Universal C Runtime) update is missing.
ACTION:
The issue should be solved by downloading and installing the Update for Universal C Runtime in Windows:
https://support.microsoft.com/en-us/help/2999226/update-for-universal-c-runtime-in-windows