The crux of the problem here is overgeneralization to the point of losing meaning and scope.

The most blatant signal for this is the else case here. The else case literally calls one of the props with on of its other props passed in. You could easily ask the question "Why couldn't the consumer of this component just do that instead?"—in this else case the Action component loses meaning by breaking the single responsibility principle. It becomes so overgeneralized that literally any component could be rendered through it.