To Fix The "Missing "server" JVM at C:\Program Files\Java\jre7\bin\server\jvm.dll, please install or use the JRE or JDK that contains these missing components.
Follow these steps:
Go to oracle.com and install Java JRE7 (Check if Java 6 is not installed already)
After that, go to C:/Program files/java/jre7/bin
Here, create an folder called Server
Now go into the C:/Program files/java/jre7/bin/client folder
Copy all the data in this folder into the new C:/Program files/java/jre7/bin/Server folder