We show that, for an exactly solvable quantum spin model, a discontinuity in the first derivative of the ground state concurrence appears in the absence of quantum phase transition. It is opposed to the popular belief that the non-analyticity property of entanglement (ground state concurrence) can be used to determine quantum phase transitions. We further point out that the analyticity property of the ground state concurrence in general can be more intricate than that of the ground state energy. Thus there is no one-to-one correspondence between quantum phase transitions and the non-analyticity property of the concurrence. Moreover, we show that the von Neumann entropy, as another measure of entanglement, can not reveal quantum phase transition in the present model. Therefore, in order to link with quantum phase transitions, some other measures of entanglement are needed. Quantum entanglement, as one of the most fascinating feature of quantum theory, has attracted much attention over the past decade, mostly because its nonlocal connotation [1] is regarded as a valuable resource in quantum communication and information processing [2]. Recently a great deal of effort has been devoted to the understanding of the connection between quantum entanglement and quantum phase transitions (QPTs) [3,4,5,6,7,8,9,10,11,12,13,14,15]. Quantum phase transitions [16] are transitions between qualitatively distinct phases of quantum many-body systems, driven by quantum fluctuations. In view of the connection between entanglement and quantum correlations [17], one anticipates that entanglement will furnish a dramatic signature of the quantum critical point. People hope that, by employing quantum entanglement, the global picture of the quantum many-body systems could be diagnosed, and one may obtain fresh insight into the quantum many-body problem. Hence, in addition to its intrinsic relevance with quantum information applications, entanglement may also play an interesting role in the context of statistical mechanics.The aforementioned studies are based on the analysis of particular many-body models. Recently a theorem of the relation between QPTs and bipartite entanglement is proposed [18]. The authors conclude that, under certain conditions, a discontinuity in or a divergence of the ground state concurrence [the first derivative of the ground state concurrence] is both necessary and sufficient to signal a first-order QPT (1QPT) [second-order QPT (2QPT)]. Most of the previous investigations for specific models support their conclusion. This may strengthen the belief that one can determine QPTs by using quantum entanglement.In this paper, the entanglement properties (the ground state concurrence and the von Neumann entropy) are calculated for an exactly solvable quantum spin model [19]. Contrary to conventional wisdom, we find that there exists a discontinuity in the first derivative of the concurrence, at which there is no quantum critical point. In fact, similar result had already been discovered in Ref. [7] for a quantum spin mode...