Ferrari president Sergio Marchionne thinks that Ferrari's biggest problem in 2016 was falling behind in the development race.
The team was branded by some sections of the Italian press as being "in crisis", but Marchionne has a much more positive outlook on the year.
"We were much more competitive than where we left in 2015," he told Italian media at the team's end of year event in Daytona.
"It's not that we got worse, the others improved, but this is due to many reasons that we understand quite well.
"Our technical director James Allison had personal problems and left, and I think you have to give time to the guys who have been together only months.
"I have every confidence in Mattia Binotto but our problem was aerodynamics which we have had historically at Ferrari in recent years. Especially Red Bull this year did a fabulous job and left us behind," Marchionne admitted.
Bahrain International Circuit - Winter testing