the component is installed on your system so it works on yours but on any other systems its not there so the exe will not run since its unable to find the component on which it has a dependency.
To confirm this you can take another machine and run your exe on it .if it does not run then install the component on that machine and run your exe again (hope it runs this time).
As Dave Kreskowiak has said above, if you want to make this happen automatically(installing the component) instead of doing this manually, you need to know how you can redistribute the component . for more about redistributables click here
hope this helps .