Ferrari President Luca di Montezemolo believes the time has come for the Maranello team to once again be crowned Constructors' Champions.
After Red Bull dominated the last four years, Di Montezemolo hopes to be "back in the game" under the Formula One regulations that came into effect this year.
Even before Red Bull's winning started in 2010, Ferrari missed out on titles the previous years - to McLaren and Mercedes' former guise Brawn GP.
"We dominated for five years, they (Red Bull) did it for four and I think now we must make sure we get back to winning," he told Italy's Tuttosport.
"I have utmost respect and praise for what they have done, knowing that today we all get back in the game."
Earlier, Ferrari Team Principal Stefano Domenicali said that the team had decent testing session at Jerez last month, but added that they must continue working hard at improving their package for 2014 in pre-season.
"It is impossible to start with a perfect car in a season where so many changes are made," he is quoted by Italy's La Gazzetta dello Sport.
"We still have much work ahead."
While Red Bull aerodynamicist Adrian Newey is often credited for the team's success over the last few years, under the new rules, the emphasis is on the new, ERS and turbo-powered V6 power units.
Former Ferrari driver Niki Lauda, who now serves as the Mercedes team's chairman, believes the tone for the upcoming season will be set by whichever team has the most reliable car.
"Reliability is the keyword for the first five, six races," the three-time World Drivers' Champion told Osterreich newspaper.
"Who is the best prepared will be furthest ahead.
"Jerez was an engine test. Now the real preparation begins.
"After the second week (in Bahrain) you can read a little bit more into it. Until then it is not only difficult, but also pointless."