  A transversally driven isotropic ferromagnet being under the influence of a
static external and an uniaxial internal anisotropy field is studied. We
consider the dissipative Landau-Lifshitz equation as the fundamental equation
of motion and treat it in $1+1$~dimensions. The stability of the spatially
homogeneous magnetizations against inhomogeneous perturbations is analyzed.
Subsequently the dynamics above threshold is described via amplitude equations
and the dependence of their coefficients on the physical parameters of the
system is determined explicitly. We find soft- and hard-mode instabilities,
transitions between sub- and supercritical behaviour, various bifurcations of
higher codimension, and present a series of explicit bifurcation diagrams. The
analysis of the codimension-2 point where the soft- and hard-mode instabilities
coincide leads to a system of two coupled Ginzburg-Landau equations.
