Stefano Domenicali has urged Ferrari to attack any mistakes that Red Bull make in the fight for this year's Championships.
With just seven races remaining this season, time is running out for Ferrari to find the form needed to bring Red Bull's reign to an end.
Sebastian Vettel's win at the Italian Grand Prix, his sixth triumph of the season, once again saw the German pull away from Fernando Alonso in the standings.
The German now holds a 53-point advantage while Red Bull, who put both drivers up on the Monza podium, are leading Ferrari by 104 points in the race for the Constructors' title.
Domenicali, though, insists all is not lost and has urged his team to capitalise on any mistakes Red Bull may make.
"At Monza we clearly saw Red Bull were stronger," the Italian team boss told the Press Association.
"We tried our maximum, and we had a fantastic race, achieving the position we had with Fernando.
"It was a shame because I also wanted Felipe on the podium. But when you are fighting a stronger car you play with strategies, which is not always easy.
"It is clear with the fact Red Bull showed great pace that the fight for the Championship is really very difficult, but it doesn't change our approach.
"We need to stay in there and take our opportunities should they come, to jump and get closer because the experience of last year is still burning for us.
"If something happens to them we need to be there, like the wolf, to attack them, so we need to stay tuned and connected."
However, the team boss conceded that the time is fast approaching when Ferrari will need to shift their full concentration to next season and the vast technical changes.
"With regards to the decision of how and when we are going to swap all the resources to the new car, we are very close to the final decision," added Domenicali.
"That is despite the fact in these past few weeks we have already been progressively shifting our resources, as was planned by us before the summer break."