Hematopoiesis is the formation of blood cells, including red blood cells, white blood cells, and platelets. It begins with pluripotent stem cells in the bone marrow that can differentiate into various blood cell types. The differentiation is regulated by hematopoietic growth factors and occurs through defined cellular pathways involving progenitor cells, precursors, and mature effector cells. Key growth factors include erythropoietin, which stimulates red blood cell production, and granulocyte colony-stimulating factor, which promotes granulocyte development.