The error tells you that you have not installed SSIS on the machine where the package is running - probably you've only installed SQL Server and Workstation Components. Another possible reason is that the package uses components that require higher edition of SQL Server - e.g. Fuzzy and Data Mining transforms require Enterprise or Developer edition.
If you have installed Workstation Components, you can create, edit and debug packages in Business Intelligence Development Studio (BIDS). You can also run Import/Export Data Wizard and execute the resulting package inside the wizard. Other uses of SSIS (i.e. running with DTEXEC, inside Agent or custom tools) require full SSIS installation.
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