Hmm.. I'm not familiar with MapPoint, but here's a conversation I found that addresses a similar problem. Hope this fixes your issue as well.
Woodbridge123 asked on November 27, 2012
MapPoint 2011 Issues on Windows 8
I am getting the following error message:
"Microsoft MapPoint North America 2011 requires the installation of the Microsoft Visual C++ 2010 Redistributable. To install the component now, click OK. If you want to stop the installation and exit Setup, click Cancel."
I click 'OK' and then get the following error message:
"One of the prerequisite components failed to install. Setup will now exit."
MapForums_com replied on November 30, 2012
Edit the setup.ini file and change the line that says --
to this --
A lot of people are getting this error, I think the issue might be that you actually have a newer version of the C++ 2010 Redistributable and the attempt to install fails.
Actually you just want to prevent it from trying to install.
Note that if you are installing from DVD media, copy the contents of the entire DVD to a folder on your hard drive first so you can edit the setup.ini file.
Hope this helps!